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> Jobs aren’t for financially sustaining you—they’re for financially sustaining us. That is the crux. I feel like most businesses actually don't produce enough
by ArtB 5y ago
> Jobs aren’t for financially sustaining you—they’re for financially sustaining us.
That is the crux. I feel like most businesses actually don't produce enough value to justify their own existence and therefore require below cost-of-living wages to keep them afloat.
- smabie 5y agoIf they didn't justify their own value they would be out of business.
- yossarian1408 5y agoWell when you take into account GST, income tax their employees pay, corporate tax, payroll tax, import&export duties (and every business up and down the supply chain has the exact same tax burden), there is not a lot left over for the business or the employees. The reason businesses exist is for creating profitable returns on capital investments. W/o profit, you simply do not have jobs in the first place.
- wilde 5y agoWhoever runs the company is currently taking it all. Not the gov’t or employees. https://www.epi.org/publication/ceo-compensation-surged-14-in-2019-to-21-3-million-ceos-now-earn-320-times-as-much-as-a-typical-worker/ https://www.epi.org/publication/ceo-compensation-surged-14-i...
- jkhdigital 5y agoI tried and failed to find a relevant statistic, but I’m pretty sure total CEO compensation is not “all” of net corporate profits.
- jkhdigital 5y agoNo, it’s just that globalization means that laborers in wealthy countries who expect a high standard of living are indirectly competing against laborers in poor countries who expect a relatively lower standard of living. It’s just competition and expectations.