Earlier quoted context omitted.
Yeah, this is a deliberate choice to make labor less powerful. Capital is willing to be less efficient for that. He does touch upon this by saying that Capital wants every worker to be replaceable.
> this is a deliberate choice to make labor less powerful... To be fair, though, I don't trust modern labor either if they can't figure out how to NOT vote for a rapist pedophile real-estate billionaire. Twice. Including a pandemic and a coup. What a mess we find ourselves in.
Did he mislead them? Yes but honestly, so did a lot of Democrats.
All that to say, yes, but Capital has a lot more resources available to mess with people's head.