this post was submitted on 13 Apr 2025
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Let's say your example is a Microsoft programmer. They work on a software product that Microsoft sells and they are paid $200k per year. Even at that high wage, Microsoft is pocketing their surplus labor value, otherwise they wouldn't have profits. When companies are so large and have so much income, the exploitation in raw value can actually be even higher than that of a low wage worker. The Microsoft programmer just doesn't feel the pain as much because their labor value is scarce and hard to replace and so they are paid better.
The rest of capitalist relations still exist there as well. Microsoft wants to pay their programmers less. This is why they promote STEM education, bootcamps, etc. They want a large number of unemployed programmers competing for that job so they can drive wages down.
The Marxist concept of exploitation does not imply that all workers are impoverished. The labor aristocracy was already a thing in Marx's time. But it does mean that there is a tendency to drive down wages, i.e. increase exploitation to maximize profit. So over time, in a closed system (e.g. the global working class), wages are driven down.