2 ms·
So you must feel then that tech workers at a company that doesn’t show a profit for many years or operates in the red during their start up phase should payback
by kcplate 5y ago
So you must feel then that tech workers at a company that doesn’t show a profit for many years or operates in the red during their start up phase should payback a portion of the the salary they collected during the time they were not profitable when they become profitable? Those tech workers would have never have received a wage were it not for the investors taking a risk and providing the patience to the reward. The tech worker who drew a salary during that time took zero risk and totally exploited the investor.
- kennywinker 5y agoIdeally, the workers would be the investors. If we were being paid for the full profits of our labour we wouldn’t have these ultra rich investors - since they all got rich off profits created by workers in the first place - and we as workers would have plenty of money to put into new ventures. Instead of raising $x mil from softbank, you hire people who bring seed money from their previous job with them, and are willing to work for no pay for a few years on the promise of building something useful that gets them paid back and paid well going forward. The idea that startup workers aren’t already taking on risk is weird. There’s clearly direct risk, and opportunity cost style risk already baked into jobs at new companies. A fee bad turns and late paychecks and you could end up homeless. Investors risk… Not homelessness. Not poverty. They risk losing money they never earned in the first place.
- kcplate 5y ago> never earned in the first place. Wow. Good luck with…all that.
- kennywinker 5y agoThanks, I’m looking to implement this understanding if the world in the company I’m starting - i appreciate the well wishing. Have a good one!
- kcplate 5y agoA Marxist entrepreneur. Amazing.