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A company is not formed for the benefit of the employees and private industry shouldn't be run like a welfare system. What you see as disposable units I see as

A company is not formed for the benefit of the employees and private industry shouldn't be run like a welfare system. What you see as disposable units I see as free agents, adding more regulation and removing the freedom of choice of both the employer and the employee is ruinous to both. We should be striving to make it easy to fire as well as easy to hire, if you tie up one side or the other or both then you end up with unproductive workers or stagnant businesses or both.

photochemsyn 4y ago
I'd argue that in most corporations, the majority of seats on the board of directors are the optimal candidates for AI automation: all they really do is report to the shareholders. And what practical value do shareholders bring to a corporation? To they have skills in the corporation's business domain? Are they improving the quality of the products? Are they streamlining and improving the manufacturing lines? What value does a shareholder have, really? Now, if the shareholders were all working employees of the corporation, that would make sense. Otherwise what role do they serve?
- throwaway4aday 4y ago
  Absolutely, any position within a corporation should be automated if it makes sense and improves the performance of the company as a whole. The original purchasers of the shares served the purpose of providing money to the corporation, the subsequent purchasers are participating in a secondary market and help in adjusting the value of the corporation's shares. The corporation can benefit from this by issuing new shares to generate further funding. Voting shares also provide input from outside the company which can be a healthy perspective to have especially when it is coming from serious analysts who spend a lot of time looking at other corporations in the same industry, it can be detrimental as well but because the share owners have skin in the game they are less likely to vote against their own interests and those with the most interest have the most votes. I have nothing against employee owned corporations. If people want to get together and run and work for their own corporation then more power to them. I don't think it should be the only type of corporation though, we need a variety of models to adapt to changing circumstances and service different needs.

photochemsyn 4y ago

I'd argue that in most corporations, the majority of seats on the board of directors are the optimal candidates for AI automation: all they really do is report to the shareholders. And what practical value do shareholders bring to a corporation? To they have skills in the corporation's business domain? Are they improving the quality of the products? Are they streamlining and improving the manufacturing lines? What value does a shareholder have, really? Now, if the shareholders were all working employees of the corporation, that would make sense. Otherwise what role do they serve?

throwaway4aday 4y ago
Absolutely, any position within a corporation should be automated if it makes sense and improves the performance of the company as a whole. The original purchasers of the shares served the purpose of providing money to the corporation, the subsequent purchasers are participating in a secondary market and help in adjusting the value of the corporation's shares. The corporation can benefit from this by issuing new shares to generate further funding. Voting shares also provide input from outside the company which can be a healthy perspective to have especially when it is coming from serious analysts who spend a lot of time looking at other corporations in the same industry, it can be detrimental as well but because the share owners have skin in the game they are less likely to vote against their own interests and those with the most interest have the most votes. I have nothing against employee owned corporations. If people want to get together and run and work for their own corporation then more power to them. I don't think it should be the only type of corporation though, we need a variety of models to adapt to changing circumstances and service different needs.