Different Categories of Madurai People by Salaries - Economy of Madurai

I was talking to some of my friends in Madurai and corporate personnel in Madurai for the status of Madurai. Based on those discussions and interviews, here is my inference for Madurai Economy and reality check of the same.

I am not an economist, but just writing my thoughts and putting together my ideas on paper.

Let me classify working people of Madurai in different categories based on their salary.

1) Labour people, who work hard in the bottom of the society and get Rs.2500 per month or less.
2) Lower Middle class people, who earn between Rs.2500 to Rs.7000 per month. Families to feed three or more.
3) Middle class people, who earn between Rs.7000 to Rs.15000 per month.
4) Upper middle class people, who earn between Rs.15000 to Rs.25000 per month.
5) Rich people, who earn anything more than Rs.25000 per month.

The above could be one person to two person earning in a family, so it could be considered as household income. The problem is - people or families would come under my classification or vary time to time - based on the number of family members.

Say for example, a family increases by population and he stays with the same salary, then they slowly come down to a different classification of people in Madurai. Please note that this classification only applies to Madurai.

Ok, now we have classified people. Let us see what do they do -

1) Labour class does all the low level jobs like cleaning, mechanical work, very very hardworking, sweeping, house work etc.,

2) Lower middle class would be two people earning and doing the same work as above labour class. This category is also hard working and lot of manual work job.

3) Middle class is more of people working in offices, clerks and sit and do jobs, accountants etc.,

4) Upper middle class is more of banking, insurance, service, retail and education, teaching, some IT or ITeS related folks.

5) Rich people are more of corporate people, any kind of business men and women, politicians, specifically IT people and at last thugs, who live on interest (finance).