Earlier quoted context omitted.
I’ve always thought of it in these terms: Working class: you are sustained by your current labor. Upper class: you can sustain yourself based on the returns from your investments more-or-less indefinitely. Middle class, between the two: you can sustain yourself off your investments for so long that you can’t practically be threatened by unemployment. It is a labor relations issue explicitly, you need a union if you a…
I honestly think the "middle class" idea is just a fallacy. It feels like it's used by people to distance themselves from "working class" because they feel that working class is somehow beneath them. All of the middle class in todays parlance are just slightly more affluent working class. If you sell your time for money you are working class. If you make money from having money you are bourgeoisie. If you have to thi…
The middle class (petit bourgeoisie) is real, but its not centered around middle income (it is middle in the sense of being between the dominantly capital-dependent class and the dominantly labor-dependent class, primarily in how it relates to the economy, but in practice also on average, in income and wealth, but it is still an elite minority, just less so than the haut bourgeoisie that sits at the top.)