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Workers don’t have same incentives. They can push for conditions that would risk bankrupting company, and if the company does shutter, they can simply get new j
by erlich 4y ago
Workers don’t have same incentives. They can push for conditions that would risk bankrupting company, and if the company does shutter, they can simply get new jobs with no loss. Meanwhile owners lose their money.
- Apocryphon 4y agoWorkers don't have an incentive of bankrupting the company. And not all employees are so blasé about finding another job- there are always some dependent upon a company for their livelihoods. Different owners also have different risk thresholds. As evidenced by the lavish VC funding of the past decade, there are many investors with a strong stomach for waste and failure. Examples of unions fighting for management to make better business decisions: https://news.ycombinator.com/item?id=13986889 https://news.ycombinator.com/item?id=13986889 https://www.vice.com/en/article/y3mjxg/general-electric-workers-walk-off-the-job-demand-to-make-ventilators https://www.vice.com/en/article/y3mjxg/general-electric-work...
- Dylan16807 4y agoAn owner that's invested in multiple companies is probably more likely to push for risk than workers are. Losing a job is not "no loss".