Yes, that happens. The far more serious problem, though, is the widespread support among workers who gain nothing from it. The ideology we absorb in the West from an early age goes something like: “Anyone can make it. It’s just a matter of hard work. And therefore, those with even less than you are lazy and deserve their fate.” That dynamic is far more consequential than a handful of top earners.
Yes, that happens. The far more serious problem, though, is the widespread support among workers who gain nothing from it. The ideology we absorb in the West from an early age goes something like: “Anyone can make it. It’s just a matter of hard work. And therefore, those with even less than you are lazy and deserve their fate.” That dynamic is far more consequential than a handful of top earners.
I think the handful of top earners play an important role in spreading this ideology among those who make nothing from it.