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The huge valuations startups get show how much more powerful labor is than capital. But only some labor.
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It is the combination of labor and capital that is powerful. Capital without labor loses value. Labor without capital is ineffective. That being said, we are entering an age where the amount of capital required to make profitable labor is a fraction of what it once was.
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"labor without capital is ineffective" is disproven by all the open source projects that make up the infrastructure of the internet.
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In that case some other factors attracts labor
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software production is probably the cleanest possible transfer of labour into capital. the product of the employees' minds is immediately capitalised.
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Maybe it’s a sign of how much capital has been devalued.
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Is capital is getting a raw deal here?
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Only the labor that's most effective at multiplying capital.
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Only some labor? Please be more explicit thanks
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