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No, it is not wage theft, because wages are not assets. The shareholders take the risk. Employees get their salary regardless of whether the game is a success,
by lr4444lr 4y ago
No, it is not wage theft, because wages are not assets. The shareholders take the risk. Employees get their salary regardless of whether the game is a success, flop, or somewhere in the middle. Bonuses tread that middle ground. I personally do not like bonuses, but they are exactly that: give the employee the opportunity to partake in the profits in a way that exposes him to some risk.
- vladharbuz 4y agoYes, this is the prevailing view! However, I think the magnitude of the reward an investor should get, as well as the actual amount of risk they are exposed to, is overstated. Also, there is nothing stopping us from having a system where the employees become "members" of the company and shoulder some of the (diluted) financial risk, thus doing away with shareholders. This comment has a couple more thoughts on this, as well as a link to my essay on this topic. Let me know what you think! https://news.ycombinator.com/item?id=32424519 https://news.ycombinator.com/item?id=32424519