The so-called “professional managerial class” is (1) not a class, and (2) a grouping that cuts across the proletariat and petit bourgeiosie (and is largely contained within the intelligentsia component of those classes.)
(Its basically an American-Left resurrection of the Leninist critique of the behavior of the intelligentsia, divorced from the theory in which that critique was grounded which recognized that the intelligentsia were not a genuine classes because their relation to the economy was predominantly as wage labor hired by capital–and thus proletarian–but occasionally petit bourgeois; its kind of weird that its invocation seemed to fade after the 1970s but has become popular again in the last few years.)
PMC is pretty much exclusively bourgeoisie and petit bourgeoisie.
The exercise of control over capital/means of production (what defines PMC) isnt exactly the same thing as ownership but it's closer to that than only being able to offer labor.
It's not uncommon for it to be better. PMCs (e.g. C level execs) of major corporations a often make out better than shareholders.
> PMC is pretty much exclusively bourgeoisie and petit bourgeoisie
As usually defined (where by the 2010s it accounted for more than a third of American jobs), it's not. It's mostly proletarians, a bit of it is in the petit bourgeois, and a numerically irrelevant or even smaller numerically irrelevant slice is in the haut bourgeoisie (it's not clear to me if the upper end of the usual understanding includes the haut bourgeois who incidentally have the kind of job usually ascribed to the “class” but for whom it is not particular job reflects rather than is in any way necessary to the power they exercise over capital, but it makes little difference either way.)
The whole purpose of the designation, within Leftist discourse, is to identify and growing (even at the time first identified) segment of the wage-labor force as class enemies of the proletariat by inventing a new class label to apply to them, so as to justify why they aren't targets for solidarity efforts.
> PMCs (e.g. C level execs) of major corporations a often make out better than shareholders.
C-level execs of major corps aren't typical members of the PMC “class” by a long shot.
Professional-managerial class. Basically people with white collar jobs who have more sway than the working class due to professional moats (university degrees, accreditations) and more influence on society due to controlling to some degree how capital is deployed.
The point here is that getting blacklisted is probably a much scarier prospect for the manager. PMC jobs typically have more stringent reference checks and employment history requirements. Meanwhile a low-wage grocery store clerk is going to have no trouble finding another shitty job. Typical minimum wage jobs just want someone who will show up and doesn't have a criminal record.
Ah, makes sense, thanks for clarifying. I was suspecting that it wasn't referring to private military contractors here, but googling didn't net much in terms of an alternative that would fit there.