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Not sure why people are disliking your comment. You are absolutely right - a business that cannot turn a profit while paying even the most basic wages (I wouldn
by phmqk76 3y ago
Not sure why people are disliking your comment. You are absolutely right - a business that cannot turn a profit while paying even the most basic wages (I wouldn’t call $15 per hour “living”) has no business existing. How did people in the 1930s understand this and pass the Fair Labor Standards Act, and yet highly-educated techies fail to grasp this simple concept?
- mschuster91 3y ago> How did people in the 1930s understand this and pass the Fair Labor Standards Act, and yet highly-educated techies fail to grasp this simple concept? People in the 1930s came right out of the Great Depression with 25% unemployment rate. Stuff had to change, and radically at that, which is why FDR got elected. Today's techies, meanwhile, are largely decoupled from the actual realities of the people. We live in decent homes with fat paychecks, and despite us working for the same company as the barely-surviving delivery driver, our lives rarely intersect other than at the next food delivery.
- pierat 3y ago> How did people in the 1930s understand this and pass the Fair Labor Standards Act, and yet highly-educated techies fail to grasp this simple concept? Because the "highly-educated techies" think of themselves as the next potential big founder over a tech company taking lumps of money from each transaction and making it big. Closing that form of exploitation closes down all of those techies' wet dream of exploiting millions to be the next (pee-bottle) Bezos.