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So do executives, and they continue to do so until they can no longer find the skilled labor needed for the company to function. I know more than a few IT peop
by than3 3y ago
So do executives, and they continue to do so until they can no longer find the skilled labor needed for the company to function.
I know more than a few IT people who have early retired to build a farm.
They were consistently getting low-balled, without any offsets against high inflation, and they create and maintain the automation needed to lower/remove other job requirements.
Worse, just keeping up with certifications that were not based upon knowledge or skill but marketed as qualifications (fraudulently) presented additional drain.
The problem with concentrating power of any kind is that the people leading fail to notice important changes and continue business as usual. That's just not going to cut it anymore when executive pay has balooned well above 2,000% what people on the ground make.
The most important thing for any business is trust.
Trust that the product is worth it and won't be defective, trust that the employees working there will have an equitable share in the profit of their own labor and as a result a better future.
When that trust is lost, people with options use those other options. Goodwill in a workforce is incredibly important, and quite a large number of business people just don't get that and treat their workers as disposable.