I told you to look it up, and you didn't even bother. You're so convinced that your own infallible logic is all you need. You don't need reality. You don't need evidence. I guess this sort of thing is all just made up:

https://www.vox.com/policy-and-politics/2017/8/8/16112368/pi...

Why do you even bother coming to the internet if you already know everything? I bet, I bet you think of yourself as hyper-rational. That you don't have biases, you're rational. That you can work things out from first principles and if reality disagrees, reality is wrong. I bet you have some fantasy about the "free market" and that by definition everything that happens in it is right and fair.

I do note that your argument has switched right round. Suddenly you realise you were wrong and that employees don't actually have the upper hand? Do you think people don't notice when you backtrack and change your argument mid-way through?

I don't need to look up that argument because it is well known, it shows up here pretty much on every discussion on this topic. It's repetitive, it's boring. And it is wrong. It doesn't say much and worse, it does not explain anything. It is so open to interpretation that is useless. Using it in an argument is intellectually lazy. But so is saying "rich people take all the wealth".

The free market and being rational are tools that are proven to work. They brought all the advances we enjoy every day in our life. I am eager to learn the other tools you propose instead.

Oh, and of course I am aware of Piketty. I also know he is wrong, laughably and demonstrably so. Not the first economist to be wrong, anyway. Turns out being well known doesn't make you right - kind of like Marx I guess.