Today, few uphold the old belief that wage labor will gradually expand to cover the majority of the worlds’ population. Once, this was the condition of the historical belief that capitalism would create the conditions under which wage labor could be organized as a global power to match capital. Instead another teleology has appeared, claiming that capitalist development entails working class disorganization. Rather than a narrative of progress, this is a narrative of decline, of precarity, informalization, and immiseration.