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I genuinely don't understand concern about workers being paid too much. I get that a particular company may not be possible with the current compensation standa
by aeturnum 5y ago
I genuinely don't understand concern about workers being paid too much. I get that a particular company may not be possible with the current compensation standards and that's frustrating, but if you are in the position of having raised hundreds of millions on a particular business plan then you're in a position to possibly make money in the current compensation environment. Like, you can always start a fast food franchise if you want reliable profit off low-wage workers?
If your business can make money, it seems like it would be great to pay everyone as much as possible while still making money. Like, the best way to keep a good thing going to to keep everyone happy (including investors so ofc save some of the pie for them). It just seems like, if you want to keep doing the thing you built the business to do, you wanna minimize risk on the important parts and working hard to pay your knowledge workers less seems like it would undermine that?
I guess it's also a classic observation that capitalists are all about "everyone wins under capitalism" until they see a way for someone else to win less.
- throwawayboise 5y agoI don't begrudge anyone for earning as much as he can or paying employees well. I am just surprised the bubble hasn't popped again, like it did in 2000. The time is coming. Inflation is reducing the spending power of the average consumer and tech gadgets and gizmos will be one of the first things on the cutting block of the middle-class family budget.