I fail to see this in High Tech Companies, let's take FANG for example, by various measure we can call these monopolies, now if you look at their worker's earning, they earn by far the highest in the industry for same type of job. So that seems to have failed the premise of this argument "Declining worker power vs. rising monopoly power:"
In a bubble, yes. But if you compare them to the top paying jobs of prior generations (say finance jobs of 20 years ago) they are actually pretty paltry wages in comparison. Plus, 250K in San Francisco where the average home is over a million dollars is not really that great.
