The framing of the conflict as being labor vs capital rests on the assumption that the economy is at Pareto optimality. The tech industry's narrative is the opp

The framing of the conflict as being labor vs capital rests on the assumption that the economy is at Pareto optimality. The tech industry's narrative is the opposite: it assumes that there are still inefficiencies which can be removed, to the eventual mutual benefit of both capital AND labor. I think what's happening is somewhere between the two extremes: the pie is still getting larger, but labor's slice of the pie is diminishing at such a rate that it's barely growing at all.