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I am a salaried software developer, and my employer requires me to track my time, for precisely the reason you describe. And I still think it's stupid, despite

I am a salaried software developer, and my employer requires me to track my time, for precisely the reason you describe. And I still think it's stupid, despite having heard this very explanation at least twice (or thrice, if you count your comment). It doesn't make it make any more sense; it just makes corporate accounting sound like so much smoke and mirrors that accountants and investors willfully participate in. Maybe I'm focusing too much on the fact that those dollars are coming out of their bank account into mine every two weeks like clockwork regardless of the fact that they're pretending that they're trickling two years' worth of salary out to me slowly over a period of seven years or whatever, but it just seems so arbitrary and nonsensical to pretend that they're not spending that money to pay me right now.

owenmarshall 7y ago
> those dollars are coming out of their bank account into mine every two weeks like clockwork Would it make you feel better to consider that those dollars aren't really coming from their bank account in any meaningful sense? They're almost always from a large creditor who extended a line of credit, or from the sale of unsecured debt against the company if you're big and bad enough. And that their "bank account" is almost entirely divorced from cash on hand, and it's built up from money other businesses and customers owe them for services? We assume that businesses are going to be in business for the foreseeable future, that they'll pay their debts and collect profit on their assets and the world keeps moving. In that sense, corporate accounting isn't the smoke and mirrors; it's the way we give that assumption some basis in reality. We assume that your business will stay in operation and sell the product you helped build, so why penalize them for not being able to get money before the asset is built?
- TurkTurkleton 7y ago
  Ah, yes. I always forget that the entire global economy is built on debt. That actually makes it worse, in a way, but at least it makes sense in context.

owenmarshall 7y ago

> those dollars are coming out of their bank account into mine every two weeks like clockwork Would it make you feel better to consider that those dollars aren't really coming from their bank account in any meaningful sense? They're almost always from a large creditor who extended a line of credit, or from the sale of unsecured debt against the company if you're big and bad enough. And that their "bank account" is almost entirely divorced from cash on hand, and it's built up from money other businesses and customers owe them for services? We assume that businesses are going to be in business for the foreseeable future, that they'll pay their debts and collect profit on their assets and the world keeps moving. In that sense, corporate accounting isn't the smoke and mirrors; it's the way we give that assumption some basis in reality. We assume that your business will stay in operation and sell the product you helped build, so why penalize them for not being able to get money before the asset is built?

TurkTurkleton 7y ago
Ah, yes. I always forget that the entire global economy is built on debt. That actually makes it worse, in a way, but at least it makes sense in context.