[ZainRiz]

There's two aspects to value creation:

1. How much more value you can now create. E.g Moving from assembly to managed code was also a 1000x shift

2. How much of that value you actually capture, as opposed to it going to your CEO, customers, etc

The people in developing countries have the misfortune of being able to capture only a minuscule fraction of the value they create

[chii]

One potential reason for the value capture problem for low wage workers is that a lot of objects they manufacture does not have a huge intrinsic value - instead, the value comes from the branding and advertising associated with the object (such as a sneaker).

The workers did not create the branding, marketing or hype. The fact that a sneaker that is manufactured for dollars is sold for thousands, is the actual travesty. The workers is capturing the inherent value of the labour - because if they did a clone of the sneaker, and sold it without any of the branding/marketing, it would not sell for thousands, but instead probably low $10s-$50s dollars, which is inline with the labour and material that went into it.