Earlier quoted context omitted.
> The math underlying the models is widely known, and there are tons of competitors, including foreign competitors. Foreign militaries investing in autonomous warfare does not assuage my concerns about my country investing in autonomous warfare. Also, have you been paying attention to median wages vs median CEO wages since the 1960s? The benefits of computing really have gone to the captains of industry.
> Also, have you been paying attention to median wages vs median CEO wages since the 1960s CEO pay isn’t a good proxy for “captains of industry.” What you want to look at is the labor versus capital share of income. That’s been very stable since the 1960s: https://taxfoundation.org/blog/labor-share-net-income-within... .
> Ultimately, concerns over inequality should focus on differences within labor compensation rather than the split between labor and capital.
The main issues I can see are:
- This "labor share" includes multi-million dollar executive pay packages, so it's heavily skewed towards the 1%
- It also completely ignores unrealized capital gains and loans against them, which is how the ultra-wealthy actually fund their lifestyles tax-free, with a tiny income on paper