95-97% of the people in a typical high finance office are working class or PMC people. The reason why finance is so lucrative is because it concentrated wealth so effectively. I know this because I was an IT guy in a very very high finance firm a long time ago - the vast majority of people are paper pushing schmucks and excel/PowerPoint contortionists and, like, 3-4 guys are partners or whatever and take the dough. And most of the times they're going to be at home or on a trip sipping martinis, possibly with clients. Another 4-12 people are going to be sharing a bit of the profits in exchange for overworking the rabble. It's a bit different nowadays since the quantitative finance people took over a lot of it and they only employ people that could work in tech but yeah traditional finance is mostly a PMC trap. The bourgeoisie is too smart to spend their life in a cubicle. At most there would maybe be the replaceable CEO.

[–] Awoo@hexbear.net 11 points 2 years ago (2 children)

This argument is like trying to claim cops are working class.

[–] ScrewdriverFactoryFactoryProvider@hexbear.net 5 points 2 years ago

I was gonna say “IT professional for an admittedly evil corporation” is probably a bit too close to home for some PMC folks here to not identify with that position. But at the same time, every job I’ve ever quit has been because I learned about my employer taking on a client that rubbed me the wrong way. No bankers. No defense contractors. No government entities. No finance. Etc.

I know after a certain point it’s arbitrary but it helps me sleep and if I couldn’t code from home I’d just be going for disability, which has ludicrous restrictions in the US.

[–] sysgen@hexbear.net 4 points 2 years ago* (last edited 2 years ago)

I never said working class. I said PMC. Ie, not bourgeois. Being a glorified excel formula or a janitor for a parasitic industry does not make you guilty and it's not equivalent to being a cop or a soldier. The class interests of those respectively are PMC and working class.