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“Value creation” is not in the labor of pushing a button. It’s in the human capital, management that led to the creation of the system. This example is nonsens
by parasubvert 6y ago
“Value creation” is not in the labor of pushing a button. It’s in the human capital, management that led to the creation of the system.
This example is nonsensical as a bunch of behind the scenes contractors and management presumably set up the system. Except that as soon as the contractors leaves, you’ve lost your primary factor of production: the knowledge of how the whole thing works. the days where management doubles as knowledge workers are long gone.
As for profit sharing, that is a longer conversation, but most of the largest companies today do profit sharing in the form of stock grants, pension and share purchase programs.