Hacker News new | ask | show | jobs
by cxr 1016 days ago
> The wealth didn't "flow" to you. You created it.

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.

1 comments

When buying lunch are you paying the (fixed) price asked by its creator or are you sharing (some of) the future value that hamburger is providing you in nourishment and work energy for the rest of the afternoon?
What?