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by jibe 461 days ago
By company owners, did you mean my 401k? Or is it more that it causes higher prices, and everyday consumers pay for it?
2 comments

Given that particular strike was against in part automation it was that they wanted their port to become less competitive and eventually be destroyed by ports employing automation and not even jobs left for their kids to fix or engineer the machines.
A small amount of it does go to your 401(k), yes. A much larger amount goes to executives, largely through stock-based compensation, and much wealthier investors.