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Suppose that this was fixed, and tech companies had to be profitable to stay in business, like mom and pop shops. Would that do anything to improve the circumst
by sjy 7y ago
Suppose that this was fixed, and tech companies had to be profitable to stay in business, like mom and pop shops. Would that do anything to improve the circumstances of the McDonald’s worker described in this article?
- scarface74 7y agoWould it do the worker or the franchise owner (who on average makes between $65K and $150K a year) any good if the company was out of business? What if capital wasn’t chasing after money losing startups where the VC partners take 20% management fees no matter how badly the fund performs - much of that money coming from public pensions?