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Capitalists can value the long term advantages of having a fairly compensated and happy workforce. A company might be able to gain a short term benefit by mistr
by lucaspm98 6y ago
Capitalists can value the long term advantages of having a fairly compensated and happy workforce. A company might be able to gain a short term benefit by mistreating or underpaying workers, but in a properly regulated capitalist system this will lead to public backlash, regulatory attention, corruption, and ultimately employees leaving for competitors.
- shakezula 6y agoThey could, but they don’t because the short term usually works out just fine for them.
- wegs 6y agoCapitalist markets, even when thinking through the long term, don't work like that. A lot of costs of messing with employees are externalized. If I lay off my workforce after a product ships, issue stock options worth 10 cents, or otherwise, the result is a lack of trust in tech management as a whole. The direct blowback on the individual company is pretty small. Would you ever find out if a manager you were interviewing with had done that? Or a startup? The US was more efficient when companies treated employees better, and when companies were like a community who took care of each other. But, as an individual manager, and even more so as a company, I come out ahead if I treat employees more aggressively. Better transparency would help. If employees could see company financials, it would solve a world of hurts. The information asymmetry is a lot of what leads to inefficient markets here.