4 ms·
Someone always has to take the risks - when working for a company it is the company owners that take it. On average they probably are well compensated for it -
by zby 11y ago
Someone always has to take the risks - when working for a company it is the company owners that take it. On average they probably are well compensated for it - but surely they must be more stressed. Or maybe when you are above some level you are not so stressed about the fluctuations - because you know that you'll not hit the bottom whatever happens?
- pjc50 11y agoThat's what the privilege of wealth, especially hereditary wealth, is - freedom from having to worry about hitting the bottom. And the higher up the scale you go, the less likely "company owner" is to be a single individual who only owns one company. It will be people or investment bodies with diversified portfolios. The most stressed person is probably the small business owner who is genuinely at risk if it fails. The "precaritisation" is about pushing as much risk as possible onto those least able to bear it, reversing the expansion of risk-sharing that is the social insurance and the "welfare state".
- m_fayer 11y agoI would also add that it's pushing risk on those who would avoid it if they could. As GP said, even if the company owners are the ones who would usually shoulder the risk - at least they signed up for it, and are possibly better suited to deal with it. They know what they walked into, they may have less attachments/dependents, they may get a thrill out of it. Not many humans thrive under high-stakes insecurity. We'll have a pathological (and cruel) society if it's built on the pretense that everyone's an entrepreneurial whirlwind who gets a kick out of doing it without a safety net.