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[Bobos] is the socio-economic group of the new information age elite

[Bobos] is the socio-economic group of the new information age elite [Bobos] is the socio-economic group of the new information age elite
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After a lot of further reporting and reading, it became clear that what I was observing is a cultural consequence of the information age. In this era ideas and knowledge are at least as vital to economic success as natural resources and finance capital. The intangible world of information merges with the material world of money, and new phrases that combine the two, such as "intellectual capital" and "the culture industry," come into vogue. So the people who thrive in this period are the ones who can turn ideas and emotions into products. These are highly educated folk who have one foot in the bohemian world of creativity and another foot in the bourgeois realm of ambition and worldly success. The members of the new information age elite are bourgeois bohemians. Or, to take the first two letters of each word, they are Bobos.

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