3 ms·
Using the phrase "wage slave" to refer to a business owner who must make payroll even when profits are down is a bit of a stretch. A slave can't choose to stop
by maeon3 15y ago
Using the phrase "wage slave" to refer to a business owner who must make payroll even when profits are down is a bit of a stretch. A slave can't choose to stop working, but a business owner can cut payroll to zero by liquidating everyone and everything and taking a year long vacation.
- ars 15y agoA year long vacation? With what money? And by that logic a wage slave can stop by quitting his job and taking a year long vacation. Do you suffer from the belief that if you own a business you must be rich?
- maeon3 15y agoIf you own a business and have a big payroll to make say more than 5 people at some salary between min wage and 100k/year then I would think they have far more freedom to extract themselves from the rat race than someone living hand to mouth working minimum wage. You are right, a business owner could be a slave to others if they are not profitable and he has debts to other entities. Still, I reserve "slave" for those people lower on the food chain.