this post was submitted on 18 Feb 2025
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People who earn their living primarily from working and earning a paycheck.
As opposed to the capital class, who earn their living primarily from interest on their invested capital.
I see. That's not what I would have thought the term applied to. I would have figured more people who are hourly or perhaps low salary, maybe a manager at a fast food restaurant. At the rate quoted above, the payment is only a little less than my mortgage. I would not have put someone with that kind of disposable income into the working class.
You can label different sections of the working class but on the scale of history and societies the only real divisions in society is between the class people who trade their labor for money and the class of people who earn money simply by virtue of having money.
The poorest Walmart employee and the richest doctor have more in common than the doctor and a person of inherited wealth. You'll interact with doctors and engineers many times a year in your community. While you'll probably never be in the same room as a wealthy person.
Laws that protect labor, provide social safety nets, provide for education, security, etc all benefit the Walmart worker and doctor. But they're completely worthless to the people who own their own security, pay for their own education and never have to worry about starving to death if they're unable to work.
We're seeing the wealthy taking control and deciding that they can save money by simply choosing to not support working people. After all, what are we going to do? Stop working for them?
Yes I understand the concept. Not sure I agree with it. I am retired. By that definition, I am in the latter and I can tell you, I'm not flying around on private jets or forcing lower wages on people. I do feel rich because I have discarded the yoke of the people I worked to make richer, but that doesn't really mean I've joined them.