My parents infected me with the same disease -- an intense conviction in the nobility and virtue of individual hard work -- and it led me to a terrible place, t

My parents infected me with the same disease -- an intense conviction in the nobility and virtue of individual hard work -- and it led me to a terrible place, the physical sciences, where I received a harsh lesson in the nature of capitalism. It's not about creating value, it's about capturing value. In a low-leverage situation, when everyone works hard you are simply paid less. Surplus is captured through ownership and ownership is concentrated at the top. In low-leverage jobs, this system transforms hard work from a noble individual value to a collective curse. The explosive growth of the software industry over the last few decades has led to an abnormal situation where regular employees have enough leverage to capture a substantial fraction of their surplus. Most people are not so lucky. For most people, the system looks more like: You load sixteen tons, what do you get? Another day older and deeper in debt Saint Peter don't you call me, 'cause I can't go I owe my soul to the company store and having experienced work environments that were low leverage through no fault of the employees, I understand this, I respect this, and I did not forget it when I left for software, where we have it much easier not because we work harder but because we are in a growth industry. I too found it easy to climb. I too enjoy the "free" money from real estate investments and a stock portfolio. But I know where it comes from. I do not pound my throne and launch spittle as I demand for those beneath me to work harder for my benefit. You shouldn't either.