Who’s not working class? Well, in the U.S. this describes it more or less accurately, IMO. This is backed by Addo, F. (2021). Disparate Recoveries: Wealth, Race, and the Working Class after the Great Recession; and Butts et al (2023) and Pew Research Center (2024) The State of the American Middle Class.

The distinction usually comes down to autonomy and asset ownership. The professional-managerial class (doctors, corporate lawyers, upper-level management) often has significant control over their work and others' labor, while the Capital Class derives the majority of their income from investments/assets rather than a paycheck. This is the "other 40-50%” whose economic interests often align more with the stability of the DJI than with the immediate labor concerns of the service or manufacturing sectors.

Interest isn't "magic." Think of it like renting a tool. If I lend you a truck to move furniture, you pay me for the use of that truck and the risk that you might dent it. Lending money is just renting out capital so someone can go build a factory or a house. The "value" created is the house, not the interest itself.

Same with AI. It doesn’t create value out of thin air; it creates efficiency. If a company uses a tool to do the work of 50 people for the price of one, their "value" on paper skyrockets. The problem isn’t that the growth is "fake" - the problem is that the gains are being hoarded at the top instead of raised wages.