Futuresaurus is confused. What they are describing is the proletariat, not the peasantry. Peasants are tied to a patch of land, somebody in an urban McJob isn't.

The process Futuresaurus describes is the same one that Marx saw happening 150 years ago - as capitalism comes apart, the lower bourgeoisie become proletarianized and the proletarians get poorer.

As is common in American political discourse, Futuresaurus is borrowing from Marx but doesn't have the guts to say where their ideas come from.