Especially in the modern context in the year of our lord 2024. Is it relevant? What do I need to know about it ?
EDIT : Thanks everyone for this really informative thread.
Especially in the modern context in the year of our lord 2024. Is it relevant? What do I need to know about it ?
EDIT : Thanks everyone for this really informative thread.
Labor Aristocracy - The section of the international working class whose privileged position in lucrative job markets opened up by imperialism guarantees its receipt of wages approaching or exceeding the per capita value created by the working class as a whole. The class interests of the labor aristocracy are bound up with those of the capitalist class, such that if the latter is unable to accumulate superprofits then the super-wages of the labor aristocracy must be reduced.
TL:DR : if you make more than the average ppp-adjusted world wage, then you are in a minority of the world’s workers, and part of the labor aristocracy.
Another way of looking at it, would be the house vs the field slaves of a US slave plantation.
The field slaves are the producers of the surplus (via the agricultural commodities they create and are then sold on the market). The house slaves do not produce surplus value, they only produce use values for the masters house, and live off a part of the value created by the field slaves. They aren’t part of the ruling slaveocracy, but they live from the same source.