Um, no, you're absolutely wrong.

Let me give you a real world example using real world numbers.

My dad started his own business, a small B&M place that provided a service most people use. He ended up bringing in about $130,000/yr profit (in the 80's) and had three full-time employees and himself. Overhead expenses were considerable, he had a landlord that ate thousands out of their gross, and had to build a client base over hours and hours of agonizing cold calls to retailers and other distribution nodes. Although my dad fronted the money and was the "first salesman," the division of labor was fairly equitable (the employees basically did the same job), so the split between owner and employee wasn't that bad. Each of them got about 20K (which is like 50ish now), and he got the rest. They never got enough cash to expand, and that was that. A globally-known player eventually moved in and sixed the business and thousands others like it, he laid off his guys, and had to go back to working for someone else in his 50's. He did this after investing in himself with an MBA from Wharton.

In contrast, my 26 year old friend with a GED started a business two years ago selling a digital version of the same product my dad sold (related to photography). While they originally made the product themselves, he eventually got so many orders he opted to outsource, reducing the number of employees to one, and him.

He devoted all his energy into funnels and PPC, and eventually boosted his revenue to the point where he was profiting nearly $4,000/day.

He sold the business last year for $2,300,000.

Two people, a garage, no land-lord, and high-school education. VS. 4 people with one that went to Wharton, land-line phones, dedicated internet, etc.

Everywhere you look, the same thing is happening. 60 years ago, hundreds of small artists competed with hits and in local venues. Today, radio conglomerates and major ad companies ensure that the same 20-30 artists sell virtually all albums and tickets, and local acts are relegated to weekend hobbies after waiting tables. I-Tunes allows a tiny group of people to make an amount that would have normally taken thousands of employees (record manufacturers, truck shippers, lots more recording specialists now replaced with software, etc.)