Again, they are not part of the capital class. They were lucky to come across a special moment in time where there was a paradigm shift bringing with it enormous wealth and the capital class did not part with some of their wealth out of charity but out of greed because they realized that in order to capture this new found fountain of wealth they needed engineers...at least for the time being.
This allowed one generation (maybe two) to live a dignified solid upper middle class life but since the beginning there has always been a push to eliminate them.
Things such as low/no code, "learn to code", bootcamps, and now AI are attempts to destroy this avenue for people to rise above anything more than just worker class.
Also remains to be seen how long this process will take. Could take a decade or two but hopefully it will happen. Its just so nice to see little wins like a Democratic Socialist like Mamdani getting elected in the finance capital of America. It shows that people are slowly chipping away at the capital class and sooner or later they will have to throw us some breadcrumbs.
Good luck fighting offshoring.
> It shows that people are slowly chipping away at the capital class and sooner or later they will have to throw us some breadcrumbs.
That means nothing. I'd be surprised if he can implement 10% of what he promised in his campaign or if he's just gonna be another plant of the capital class that promises impossible things but then ends up doing nothing when the finances hit the road.
I always wondered why they don't try tariffs on this? American companies that produce overseas get tariffed regardless of origin. It changes incentives and forces production closer to areas of consumption. I suspect we are going to get there eventually, leadership needs to become more left progressive like Mamdani.
>That means nothing. I'd be surprised if he can implement 10% of what he promised in his campaign or if he's just gonna be another plant of the capital class that promises impossible things but then ends up doing nothing when the finances hit the road.
His ideas were not that radical. The fast and free busses came on the heel of a successful pilot they did with one line in each borough so its not like they are starting from scratch. They have an existing model and data from that trial to build on top of.
The grocery stores consist of one store in each borough. That is not an impossible task and it does not risk really affecting bodegas since the majority of income from most bodegas are lotto tickets and cigarettes/vapes.
Universal child care...well that have already passed this in his first week.
It's always easy to pass laws to give people free stuff and it works well initially ... until you run out of money of course. That's how Venezuelan leadership also got popular. Who doesn't want more free stuff? It's how elections are won is most of Eastern/Southern Europe too. Until the bill is due and the next generation has to pay.
Sooner or later there will be a reckoning with all the money that has been stolen by the upper class. Without these small programs, that help people that reckoning will come faster but it will come either way.
I'm in the "I'll believe it when I see it" camp since if all political promises were cookies, i'd be fat.
I vaguely remember reading something recently, probably by Branko Milanović, about how there is a class of workers in the tech sector who earn so much money that they are gradually starting to become capitalists. When you have so much money left over that you can start putting your capital to work for you, you cross that very line. I don't mean a home savings plan or ETFs or anything like that, but if you have seven figures and can skim off returns that you could live well on, then you're definitely no longer working class.
"Working class" isn't an adjective+noun that refers to anyone who works, it's a compound noun that specifically refers to physical labor. Knowledge workers of any sort are not part of it, despite both using the word "work".
"The working class is a group of people in a social hierarchy, typically defined by earning wages or salaries through their ability to work. Members of the working class rely primarily upon earnings from wage labour. Most common definitions of "working class" in use in the United States limit its membership to workers who hold blue-collar and pink-collar jobs, or whose income is insufficiently high to place them in the middle class, or both. However, socialists define "working class" to include all workers who fall into the category of requiring income from wage labour to subsist; thus, this definition can include almost all of the working population of industrialized economies."
[1]: https://en.wikipedia.org/wiki/Working_class
Since I am referring to a hypothetical in the future, let me be more clear: I believe software developers will be relegated to blue collar or worse roles given enough time because it is in the interest of the capital class to find a way to make this happen. I gave examples in my prior comment.