Maybe I’m missing something amid all the technocratilly minded discussions on the virtues of paying dividends vs stock buybacks vs the issue of whether the pro

Maybe I’m missing something amid all the technocratilly minded discussions on the virtues of paying dividends vs stock buybacks vs the issue of whether the profits of a company are more efficiently used to fund new investment compared to returning profits to shareholders (one way or another) so they can reinvest. I thought the broader point was that successful companies are amassing profits, derived, presumably, from overall increased productivity. But instead of sharing this surplus equitably amongst all the employees, by, for example, raising wages, executives are engaging in strategies that increase their share of the surplus, and possibly the shareholders share, at the expense of the lower level workers.