Sort of. Picketty writes that it’s about the capital to labor replacement ratio. If you can replace labor with more capital (I.e. robots, automation, tools/equi

Sort of. Picketty writes that it’s about the capital to labor replacement ratio. If you can replace labor with more capital (I.e. robots, automation, tools/equipment - etc), then wealth is going to tend to concentrate. With the speed of technological innovation today, this is largely the case.