There is at least one exception to this, which is that as technology improves, it necessitates the creation of new capital to utilize that technology commercial

There is at least one exception to this, which is that as technology improves, it necessitates the creation of new capital to utilize that technology commercially, and the people involved in creating it (whether as founders or wage workers) stand to capture a lot of the value in delivering it. Case in point, see how valuable it is these days to be an AI scientist or software engineer. Both are involved in the creation of capital in the form of AI models and software, both are paid a lot and able to adequately catch up in wealth to old money.