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So paying employees the minimum amount possible is efficient to you? Maybe it results in better short-term profits, but it destroys the company long-term.
by silexia 5y ago
So paying employees the minimum amount possible is efficient to you? Maybe it results in better short-term profits, but it destroys the company long-term.
- JumpCrisscross 5y ago> paying employees the minimum amount possible is efficient to you? Did pay go down? I don't think that's accurate. Paying a bunch of excess employees, yes, that's not efficient. That's practically textbook inefficient. Are we really on a forum run by a VC debating capitalism?
- crmd 5y agoThere are plenty of capitalists who believe one of the several purposes of a company is to provide meaningful jobs in the communities in which they operate. When company owners cut the payroll to hoard profits, the remaining employees have to work harder for the same salary. It is the literal definition of the investor class siphoning wealth from the working class.
- silexia 5y agoI am a libertarian, and founded and still run a company with 200+ employees. VCs destroy capitalism. They force out founders and install hired guns. The VCs and their hired guns break the promises made by founders to their stakeholders. They put insane pressure on growth at all costs. All business ethics are abandoned.