Communists keep having been wrong ... There will always be uses for human labor.

I think the communists have to be looked at like a broken clock, right only twice a day.

Human labor, in some form even if its simply systems management, may have some value... but the historic trend of that value is rapid decline.

We see this every time people circle jerk about wages relative to housing prices, they're kind of right other than the fact they're looking at the wrong denominator in housing.

For example, how many ounces of gold could someone have earned in a year 50 years ago vs today... the only thing declining in value faster than the dollar is labor.

From above:

capital rather than labor will eventually be the primary source of income

Not sure if we've statistically reached this point yet, but I think it's effectively the case already. A fat 401k that increases in value is the new American dream, not a paid-off house. The stock accounts for newborns are an acknowledgement of this.

In a world of increasingly complex systems, equity in those systems is more valuable than an individuals contribution.

start accumulating capital as early as possible

The article contradicts itself with this a bit, wages are already survival mode.

Getting rich has always involved entrepreneurial discovery

This is the advice they should have gave, entrepreneurial work is sweat equity in productive capacity, and really the only way to get on the ladder where wage labor won't. You need exposure to productive capacity, and individual labor is relatively unproductive.

I always feel 5% smarter every time I read your comments on economics.