Comment on A millennial couple who make $250,000 say they can't find a home in their budget: 'We refuse to become house-poor'

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anachronist@midwest.social ⁨3⁩ ⁨months⁩ ago

The middle class historically was the loyal servants of the upper class, whose expertise was needed to maintain the system. While they worked for wages they were allowed income sufficient to accumulate surpluses, property, and a facsimile of financial security.

In the 20th century it seemed possible for labor organizing to grant the privileges of the middle class to everyone in society. People who were definitely working-class were able to live like the middle class.

In the 21st century the rich seem to be starting to operate on the idea that, not only can labor be broken and the working class cast back down into hand-to-mouth poverty, but that vast numbers of people in the professions have been misclassified as essential loyal servants and they, too, can be cast down into poverty. I think the end state is that the middle class is squeezed down to the size it was during the gilded age and return to being an afterthought rather than the central focus of our politics.

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