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@yesman@lemmy.world

2026-11-01 16:17 UTC

There is an idea in Capitalism called “surplus labor”. It’s not controversial, economists from Marx to Freedman acknowledge it. What it means is that a capitalist labor market must have a pool of “unused” labor. Capitalism isn’t able, and it wouldn’t be desirable to simply employ everyone who wants to work. The same way capitalism needs some businesses to fail, it also needs some people to be poor. Zoomers are not the “first” to be surplussed, the new part is it’s happening to people who imagine themselves to be in the middle class.

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