9 ms·
>Giant corporations generally pay better and invest more into their workforce than small business, that's why developed economies, with high levels of organisat
by grawprog 6y ago
>Giant corporations generally pay better and invest more into their workforce than small business, that's why developed economies, with high levels of organisation, rely on larger firms.
In my experience, this is entirely not true. The only places i've ever gotten fair wages, been treated like a valuable employee, received regular raises were businesses with between 10-20 employees.
>The romanticism of small-business is extremely misplaced. Small business is unproductive, precarious, and as can be seen in this pandemic fragile to external shocks, offering virtually no security to their workforce
The last place I worked before my current job had a workforce of 13-15 people at any given time. We were extremely organized and productive. We brought in anywhere from $30000-$50000/day for that company. The company's assets were well into the millions from the bank statements I seen.
Our customers included people and businesses even hundreds of km away because of the quality of our work. Our work wasn't cheap either, even compared to our competitors, yet we regularly had so much business, we needed to turn down contracts and still constantly made money.
All of my coworkers had been there for over a decade before I left. They all supported families and lived good lives off that job. We all genuinely cared about the success of that business and wanted everything we did there to reflect well on it.
I have never felt that when working for any corporation other than when I'm forced to at mandatory 'pep meetings' or 'team building' bullshit they force you to participate in.
- Barrin92 6y agoit obviously depends on the firm in question. Of course there are smaller firms who are extremely successful and pay great wages, but in general large firms can leverage economies of scale and access to capital that small business does not have. Your average salary at Google for the same sort of experience is higher than at a small startup, Volkswagen pays you better than most other companies in the region, working at a large Japanese multinational pays better than working at a small local company and so on, in particular if you include benefits like pensions and training and the investments those companies make in their workforce. Which is why they tend to attract a lot of talent. There's also an important aspect of specialisation, which tends to occur in large firms more than in small firms and boosts overall productivity. The firm size - wage gap is very well documented https://blogs.lse.ac.uk/businessreview/2018/07/16/why-do-large-companies-pay-higher-salaries https://blogs.lse.ac.uk/businessreview/2018/07/16/why-do-lar...
- Ericson2314 6y agoWe have to distinguished between intrinsic aspects of large vs small institutions, and the terrible quarterly report jerk-off that is large for-profit companies in practice. We should, for example, have giant software co-ops since it's fundamentally not a capital-intensive field.