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Both 1) and 2) represent value almost entirely captured by businesses / business owners, and not captured by workers. For 1) the economic boost is captured by b
by ryandrake 7mo ago
Both 1) and 2) represent value almost entirely captured by businesses / business owners, and not captured by workers. For 1) the economic boost is captured by business while the losses are captured by workers. For 2) in theory, some new ideas will be created by individual people who get lucky and grow them into their own businesses, but if history is an accurate guide, most of the benefits of new inventions and technology will be captured by existing players.