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Ownership also takes all the risks. Profits is the reward for taking risks. All employees can also enjoy profits, by becoming owners of a company, either throu
by burntwater 9y ago
Ownership also takes all the risks. Profits is the reward for taking risks.
All employees can also enjoy profits, by becoming owners of a company, either through stocks or starting their own business.
- thesmallestcat 9y agoThis is exactly the attitude I'm talking about. Employees take risks too. Time has its own opportunity cost risk. and it's felt more by employees slaving away at company initiatives than by the ones who dream up those plans. If I've wasted my time as a business owner, I have only myself to blame. As an employee, there's a real risk of wasted time and the accompanying loss of worthwhile pursuits. The other obvious risk is that of unexpectedly losing your job. By and large, employees are not financially independent and are at the mercy of their employers. Ownership has the intel and leverage to plan a graceful fall for themselves. Employees are typically terminated with zero notice, while it's a faux pas for an employee to do the same. Another risk is that an employee will find real conflict with an employer, and stare down the barrel of a well-funded legal team. People have had their lives destroyed by it.