Pay in Blood: May Day and Modern Politics

Here's a really weird "alternative history" thought experiment on this day set aside to celebrate workers around the world. Try to imagine a President of the United States standing up before Congress and saying something like this:
"There is one point … to which I ask a brief attention. It is the effort to place capital on an equal footing with, if not above, labor in the structure of government. … Labor is prior to and independent of capital. Capital is only the fruit of labor, and could never have existed if labor had not first existed. Labor is the superior of capital, and deserves much the higher consideration."
Isn't that wild? Of course, it's the kind of thing only some ignorant goober from the sticks -- or maybe even from some other century -- would come out with. Today, fortunately, we know that people who work for wages are just moochers and takers: parasites feeding on the noble blood of their bosses and betters. Being advanced, savvy and modern, we now know that Labor deserves no 'consideration' at all (much less a higher one!): no safe work places, no job security, no secured pensions, no bargaining rights, no privacy, no decency, no dignity. Labor should be glad and grateful to give whatever it takes (and take whatever they give) to serve the interests of our precious elites -- our crusading corporate chieftains, our visionary venture capitalists, our wise shepherds of inherited wealth -- who graciously provide their beasts of burden with store of provender.
Unless, of course, the provender provisioning threatens to cut into the nobles' bloated profit margins too much. In that case, of course, the higher considerations of capital must take precedence, and the jobs have to go. And when that happens, Labor should humbly bow its head, without complaint, without whining, and quietly, meekly, accept its fate, in accordance with the ruling principle that governs our glorious modern world. And what is that principle?