3 ms·
It's not "profiting from other people's work", it's "profiting from making other people's work more efficient". That includes providing the capital (tools) to m
by nybble41 7y ago
It's not "profiting from other people's work", it's "profiting from making other people's work more efficient". That includes providing the capital (tools) to multiply the productivity of labor, securing customer contracts, ensuring all legal requirements are met, forecasting market conditions, managing the long-term strategic business plan, ensuring employees get a steady paycheck, etc. These skills are far from universal and those who have them rightfully earn a decent share of the profits. If it were just a matter of profiting from others' work then everyone would choose to be self-employed and keep that money for themselves.