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>Secondly—and relatedly—S-corp owners are getting rich because so much of the revenue being generated by their enterprises is going into their own, rather than
by ra1n85 9y ago
>Secondly—and relatedly—S-corp owners are getting rich because so much of the revenue being generated by their enterprises is going into their own, rather than their staffs’, pockets. This may be occurring even in the absence of any nefarious Dickensian scraping of value out of exploited workers
If owners are pocketing more revenue, in lieu of distributing it as profit sharing or employee salary increases, that would seem to indicate the salary bargaining position of current and new employees is not strong.
- gbacon 9y agoBuyers compete against buyers, but sellers also compete against sellers. Employees are sellers of labor.
- taway20171214 9y ago> Employees are sellers of labor so are most employers.
- TheOtherHobbes 9y agoEmployers can manipulate the market politically much more easily than employees can. The result looks like this: http://econintersect.com/images/2013/10/67888593productivity-wages-1948-2011.JPG http://econintersect.com/images/2013/10/67888593productivity...
- harlanji 9y agoI've found a pretty hard salary cap. 15 years exp, Bs degree earned somewhere in the middle, increasing experience, good references... and then I get to SF and have experienced intense bullying when I ask for anything beyond the norm of a new-grad transplant who works through the holidays. Employment in programming jobs here isn't worth it for experienced people. Now if we restructured engineering orgs a little bit, we could pay the more experienced people proportional to the hidden value they create... but that would require "right brained"/non-Analytical thinking which is basically illegal. So we'll Lemming on until the engineering orgs with data driven decision making are replaced by the new Google of the heart.