Making IT people richer doesn't make any poor people poorer.
Increasing inequality absolutely makes worse off people even worse off. Not just comparatively, but yes, even in "real dollar" terms: Raising IT people's (or whatever other privileged group's) incomes means they can and will spend more on housing, raising prices for everyone, meaning that poorer people will have to spend more on housing, meaning that they will have fewer dollars in pocket, even though their income hasn't changed.
do it for minimal wage
... which nobody has suggested, of course.
ask to be compensated according to your merits instead
"I'm in a position where I can negotiate a substantial pay rise" does not mean "I was previously not paid according to my merits". If the market changes and you are suddenly "worth more", that doesn't mean that your "merits" have suddenly improved.
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Increasing inequality absolutely makes worse off people even worse off. Not just comparatively, but yes, even in "real dollar" terms: Raising IT people's (or whatever other privileged group's) incomes means they can and will spend more on housing, raising prices for everyone, meaning that poorer people will have to spend more on housing, meaning that they will have fewer dollars in pocket, even though their income hasn't changed.
... which nobody has suggested, of course.
Sure. How do you measure merits? Did CEOs' merits increase by 90 times since 1978? https://www.epi.org/publication/ceo-pay-has-grown-90-times-f...
"I'm in a position where I can negotiate a substantial pay rise" does not mean "I was previously not paid according to my merits". If the market changes and you are suddenly "worth more", that doesn't mean that your "merits" have suddenly improved.