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It's nice that rather than paying people sensible wages, we make people mega-billionaires and then they hand back a fraction of it.
by kennyadam 8y ago
It's nice that rather than paying people sensible wages, we make people mega-billionaires and then they hand back a fraction of it.
- maxxxxx 8y agoI have been thinking about this. If a business pays their employees well they don't look good on the stock market and they don't get PR points for philanthropy. On the other hand if you squeeze out every bit of profit, you look good in the stock market and you get big PR points if you do a little philanthropy. The decision seems pretty clear.
- johneth 8y agoMaybe. I would argue that long term it isn't. Businesses and the people who control them are only that wealthy because society lets them be that wealthy. Damaging society (e.g. via increasingly obscene wealth inequality making people more unhappy) means, long-term, risking massive societal upheaval, and thus your position.
- maxxxxx 8y ago"Damaging society (e.g. via increasingly obscene wealth inequality making people more unhappy) means, long-term, risking massive societal upheaval, and thus your position." Do you think that current businesses think about this a lot?