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FWIW, I agree with the scenarios and examples using workers making minimum wage. Waitresses, etc. On HN we’re talking about tech employees who make 5-10x the m
by cj 3y ago
FWIW, I agree with the scenarios and examples using workers making minimum wage. Waitresses, etc.
On HN we’re talking about tech employees who make 5-10x the median US salary.
We can have stricter rules and stricter contracts for the 5% top paid employees. Obviously a waitress shouldn’t be sued for talking about another restaurant with a customer.
- lordnacho 3y agoMaking 5-10x because they are forced into arrangements that deprive them of 10-15x. If a waitress shouldn't be sued, why should a dev or a PM? We should all be equal under the law, there shouldn't be a "oh well you make enough money" clause. If anything, freeing high-productivity workers is the bigger win for society, far outweighing the benefit from better restaurants.
- makapuf 3y agoWe're talking about employees making 5x median salary vs companies making how many times median company profit ?
- cj 3y agoIn an ideal world companies would share profits with employees. In an ideal world, employees would also share in the losses when companies aren’t profitable (forgo a paycheck). …everyone wants the first scenario, but absolutely not the 2nd! When will people realize that one of the value props of working for a company (as opposed to starting your own) is you’re guaranteed a stable income regardless of whether profits are going up or down. (You can say it’s not guaranteed because you can be fired. Fair. But the point still stands, it’s nice to have a stable paycheck that doesn’t wildly fluctuate up and down)
- makapuf 3y agoSure, but even shareholders also have limited responsibility. Should they also honour the debts and losses for something they own?