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Capitalism and fiduciary duty prevents employers from paying people their market value when they are content enough to stay. An employee who does not do the ef
by kridsdale1 2y ago
Capitalism and fiduciary duty prevents employers from paying people their market value when they are content enough to stay.
An employee who does not do the effort to re-peg their labor time to market rates for their skill level is implicitly consenting to a prior agreement (when they were hired).
- klodolph 2y agoFunny how fiduciary duty in these contexts is overwhelmingly short-sighted.
- Terr_ 2y agoSometimes because the company investors are overwhelmingly short-sighted, which IMO ties back to the whole "financialization" of our economy into a quasi-casino. I wonder how things might change if short-term capital gains tax (<5 years) went way up.
- Daishiman 2y agoThat is an extremely short-sighted view on what is essentially an iterated game where the domain knowledge employees have drastically increases their value to the company over time.