While you’re focused on labor, equity is a stronger driver of wealth inequality than labor wages. Yes, there are engineers clearing half a million dollars a year. That’s nothing compared to how the movement in equity prices affect wealth. For example, Microsoft’s CEO was given 2.5M in base salary vs 33M in stock [1]. A 10% movement in the price of Microsoft stock dwarfs his base salary. In the past 5 years, Microsoft is up over 300%. It’s owner’s equity, not salary, that drives inequality. Many front line workers don’t even quality for equity grants.

[1] https://www.geekwire.com/2021/report-card-microsofts-board-b...