Hi, EN:  Thanks for your remarks.  

I think some would say this is a somewhat dated view of "capital" versus "labor" (rather 19th C., even) - although for a fact I don't entirely disagree with your points.  Experience shows, for example, that a smartly-managed company takes good care of its staff - because happy employees are much more productive and engaged than dissatisfied ones.

Some of the relations that you describe are definitely starting to break down.  It was technology in the last quarter of the 20th C. that greatly increased productivity - not, say, more unionization or longer vacations for "labor".  Modern economists (particularly those hewing to some flavor of Keynesianism) would probably assert that your discussion is missing the "Third Leg" of the triad - government.  (Some of these economists might even assert that government is the most important leg.)

As has been noted elsewhere, with the rise of robotics, AI, and the digital age, big chunks of the traditional ...