The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
The simple math of the Yard-Sale Model shows that if everybody started out with equal money in a fair economy, the outcome tends toward one person holding all of the money. The cool graphical simulations on this page demonstrate why.
Labor has value. You have access to some amount of labor each week that you value at [your salary]. Your employer values your labor at [some higher value, because they only pay you on they beyond you’ll bring in more money than you cost] and thus “wins” at the trade.
This is true and I’ve said so in my original comment. Notice how the boss isn’t winning because they happened to win first in a series of dice rolls