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People who start companies are typically looking to increase “wealth inequality”.
by 0xbear 9y ago
People who start companies are typically looking to increase “wealth inequality”.
- icebraining 9y agoNot really, most companies are small and don't pay more than a decent income even for the founders. VC-funded startups are an exception, not the rule. Even among software companies, I'd say, if you look beyond the US.
- TrickyRick 9y agoBut (One of) the ambition(s) is usually to make money, thereby increasing inequality. I have yet to find a startup with the ambition to pay everyone median salary and donate the rest to low-income households. Nothing wrong with that, just a fact :)
- icebraining 9y agoThe company I worked for previously paid decent (but not extravagant) salaries, and profits in the order of the low dozens of thousands annually. Meanwhile, our job consisted of outbidding and replacing SAP and Oracle solutions costing $$$$. Paying $10 to an SMB owner instead of $100 to Bill Gates et all reduces inequality, it doesn't increase it.
- 0xbear 9y agoLet me guess: you had a heck of a time hiring qualified engineers.
- Rainymood 9y agoThink of it more as like a negative externality. People that use a car are not "typically looking to increase the rate of global warming and actively pollute the environment". Using a car is a means of getting from place A to B, in the process however, you create a negative externality (i.e. pollute the environment). When you create a startup you generally want to solve a very specific problem X at a grand scale, when you are able to do this while making some profit/growing in value you inevitably contribute to "inequality" as an externality.