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This is basic accepted business principles as far as this dropout can see. First, reduce labor costs. One way to lower wages is to get salaried people to work
by rhizome 5y ago
This is basic accepted business principles as far as this dropout can see.
First, reduce labor costs. One way to lower wages is to get salaried people to work as many hours for their check as you can convince them to do. This is one place where sociopaths shine.
Second, the ideal labor cost is $0, aka the ideal state of capitalism. When humans are involved, this means slavery. "Ideal" means the same as above: reduce labor costs wherever possible.
Convincing people to overwork is a sales job, and bending everybody around you to your preferred activities is practice for when you're going for funding or acquisition. Is there any MBA who wants to help build a company that doesn't get acquired? Gonna need those persuasion skills.
Working 80hrs a week? Congratulations, you've cut your own salary in half.
- sneak 5y ago> Second, the ideal labor cost is $0, aka the ideal state of capitalism. The labor participants are engaging in capitalism as well; earning $0/hour is not an ideal state for me as a service provider.
- cherrycherry98 5y agoAdam Smith argued that free workers are superior to slaves because they have greater incentive to want to better themselves for their own benefit and to innovate their processes to show they are worth more wages. Slaves, by contrast, he argues will perform the bare minimum work to avoid repercussions. They are also far from free, they cost money to purchase and there is a cost to providing them with necessities of life as they don't have the means of providing for themselves.