Hacker News Reader

Regarding the first point: owners typically pay themselves a salary in addition to owning the company and thus benefit from both. Employees do not have this advantage.

The two problems are not mutually exclusive, and certainly unskilled labour is a significant problem for a good fraction of the population; but if this were the only problem, then we wouldn't see the amount of wealth concentration and decoupling of productivity from income that we observe.

View on HN

There is no guarantee in both the owners salary or equity growing (just like an employee has no guarantee of having their job tomorrow).

The wealth concentration is a combination of government policy rewarding asset owners and automation and communication and transportation technologies increasing competition for labor sellers.

The automation also allows enormous economies of scale such that fewer businesses can do it all, which is also why you see wealth concentration.

Reply on news.ycombinator.com