The term "New Class" refers to a social group that emerged in the late 20th century, primarily associated with the rise of knowledge-based economies. This class is characterized by individuals who possess specialized knowledge and skills, often working in sectors like technology, education, and finance. They typically have higher levels of education and play a crucial role in driving innovation and economic growth. The concept of the New Class is often contrasted with traditional social classes, such as the working class and middle class. Proponents argue that this new group has distinct values and lifestyles, focusing on creativity, collaboration, and adaptability. Critics, however, suggest that the New Class may contribute to social inequality by creating barriers for those without access to education and resources.