Those captains of industry almost certainly salivated over the idea of not needing weavers etc. any more. Is the difference you're seeing just that they're doing that publicly now?
No, the difference is that people used to kick down their doors and boot stomp their heads when they got this greedy about it
The weavers had a rough go of it for sure, but at least they did not have to spend 4 years of their early adulthood being intellectually challenged in a higher education institution, often going into debt, in order to become qualified weavers.