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I think it is also interesting why people agree to work for the fraction of value they create for the company. Somehow this kind of suffering and exploitation i
by intricatedetail 5y ago
I think it is also interesting why people agree to work for the fraction of value they create for the company. Somehow this kind of suffering and exploitation is socially acceptable. Companies make billions and workers struggle to put food on the table.
I think governments should focus on companies avoiding tax rather than taxing them though workers (as workers suffer and yield is fraction of what companies should be paying) and we should look at tying minimum wage to company revenue (with a nationwide minimum, so that worker always gets paid a wage they can live off).
- hallway_monitor 5y agoI'm generally a libertarian but I think current corporate law is insane. This seems like a reasonable starting point, maybe along with a policy requiring giving each employee a stake in the company.
- opinion-is-bad 5y agoDoes the employee have to buy into that stake? Do they surrender it, or sell it, or keep it when they leave? Do they get more over time? Why should minimum wage field hands that will work for a month own part of my farm? We have had negative cash flow for the last decade, should our employees have made under minimum wage due to capital calls that were made by the business? How does a bank do proper due diligence on a loan for a business with 47,000 owners, but isn’t publicly traded? What about the administrative overhead around decision making needing a timely signature from every owner? It’s really simple to say employees should have equity, but get into the details and the idea falls apart.