And the corner store's out of vegan chocolate too

We’re deeply puzzled by the purported connection being claimed here:

The labour force in the UK and elsewhere is in crisis. Wealth inequality is staggering and getting worse by the minute. In January, researchers at the Resolution Foundation thinktank published a report showing that almost a quarter of all household wealth in the UK is held by the richest 1% of the population.

Who owns the wealth isn’t an issue for the labour force. The wealth, the capital, gets the capital share of the economy. Which is roughly stable around the long term average of 20%-ish of the economy. The workforce, the labour, gets the labour share. Which has indeed fallen a little because the subsidies to production and taxes upon consumption bit has risen a bit over recent decades.

If one person was getting all of that capital share or the pensions of everyone were getting it - or even the State took it all - then that’s an issue with the distribution of the capital share of the economy but it’s nothing to do with the position of labour. What matters for labour is the change in the labour - and or capital, subsidies and tax - share of the economy.

This complaint about wealth concentration and trying to connect it to the labour market is as with complaining that England loses at football and, wouldn’t you know it, the corner store is out of vegan chocolate again. There’s simply no connection there at all other than the desire to cobble together enough things to have a whinge about.

Not that we agree that the wealth is so concentrated. For absolutely every measure of that distribution entirely ignores - deliberately - all the things that are done through government to lessen the inequality. But even so the complaint itself is silly.