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Companies exist to work for shareholders, not give charity to workers. If the shareholders wanted extra revenue to be given to workers companies should do it, b
by HDThoreaun 4y ago
Companies exist to work for shareholders, not give charity to workers. If the shareholders wanted extra revenue to be given to workers companies should do it, but there's no reason to believe that's the case here.
- sidfthec 4y agoThat's not what the person I was responding to was saying here, though. They are saying that Google is "overpaying" and that its hurting their small business. They're not saying that they're shareholders wanting more value. If Google is succeeding at attracting talent from other companies, including the company of the person I was responding to, then it's more likely that they're not "overpaying", they're just paying enough to attract the talent away from other companies. This is capitalism working. Google has a lot of money and they're putting it towards attracting and keeping their talent.
- grumple 4y agoThis is not actually why companies exist. Creating profit for shareholders is a side effect and only happens for a minority of companies. The purpose of a company is to provide value based on the service it provides or products it creates.
- HDThoreaun 4y agoWrong. The only purpose of companies is to do shareholders bidding.
- grumple 4y agoNope. The vast majority of companies don't even have shareholders.