[LatteLazy]

It's really simple: Whenever we run low on labour, we slow the economy with interest rate hikes. So Labour can never get a raise because it never has leverage. But when the other factors of production run low (and their price goes up, specifically land, capital and entrepreneurship) we take no action. The result is that land and capital owners get all the benefits of growth, and labour get's none. This is how we choose for the system to work.

The fact people keep "discovering" this is quite confusing.