More than a third of Americans earning at least $250,000 annually say they are living paycheck to paycheck, underscoring how inflation is taking a bigger bite out of Americans’ budgets at all ends of the pay spectrum.
The fact that we have a labour aristocracy doesn’t mean that their fundamental interests are different. The actual problem is that people in that bracket often don’t see themselves as part of the working class. However, a lot of the people in tech are now discovering that they are not in fact capitalists as stuff like mass layoffs start to hit them personally. So, the issue is with lack of political education, and divisions within labour that prevent a unified front against capital from forming.
The fact that we have a labour aristocracy doesn’t mean that their fundamental interests are different. The actual problem is that people in that bracket often don’t see themselves as part of the working class. However, a lot of the people in tech are now discovering that they are not in fact capitalists as stuff like mass layoffs start to hit them personally. So, the issue is with lack of political education, and divisions within labour that prevent a unified front against capital from forming.