tech concentrates wealth

this is a surprising document indeed - it lays bare the true extent of income inequality in america. i imagine a similar - or more severe - story in the rest of the world. i daresay technology has something to do with this as tech extends span of control and augments human potentiality. technology aids wealth concentration. more and more prosperous companies are employing less and less people. there clearly needs to be a new social contract that redistributes abundance. capital and technology operate with positive network externalities (i.e. they tend to snowball) and are locking-in/locking-out populations.