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by WalterBright
1017 days ago
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If you automate part of your job resulting in a 2x improvement of your productivity, you have demonstrated a skill that you can sell for more money. That's how you realize the value you created. The wealth didn't "flow" to you. You created it. |
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Er, right. The "flow" here refers to what happens to the wealth after creation.
If after you create it you or your employer then undertake some change to the work arrangement (e.g. imposing a higher quota on productivity—thus allowing your employer to capture the additional value that you created while keeping your net wealth constant, along with the day-to-day toil you the worker are subjected to, probably—or maybe even increasing it), that would be an example of wealth flowing upward.
You created outsized value relative to needs of the employer. Your (wealthier) employer captured it and enriched themselves. That's wealth concentration.