This is the flip side to the 10xer phenomenon. If you were to randomly sample an employee, odds are they aren't doing much. If you buy the 10xer thing, which m

This is the flip side to the 10xer phenomenon. If you were to randomly sample an employee, odds are they aren't doing much. If you buy the 10xer thing, which many of us do, then this must also be true. If you don't, then you are watching a different movie. The article goes off the rails when it tries to explain high salaries with a generational wealth transfer scheme that is at odds with corporate incentives. A better explanation exists which is that companies slowly become bureaucracies, everyone is playing politics, trying to get more resources and people around them to accomplish less and less. People are trying to do that locally, for their own interests, and it manifests globally as productive output tending towards zero and cost of labor tending higher. No society-wide scheme necessary. This is at odds with the shareholders, but its difficult to fix because bureaucracies are parasitic organisms which defend themselves.