this post was submitted on 01 Nov 2026
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TechTakes
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Big brain tech dude got yet another clueless take over at HackerNews etc? Here's the place to vent. Orange site, VC foolishness, all welcome.
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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.
You guys have a middle class?
“imagine themselves” was the important bit
Not anymore