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Right. Except jobs are useful to help people pay rent/mortgage, food and other essentials. How is it good if companies fail? Who gives a crap if bad companie
by mancerayder 1y ago
Right. Except jobs are useful to help people pay rent/mortgage, food and other essentials. How is it good if companies fail?
Who gives a crap if bad companies fail or don't fail? And for that matter how is it good or bad for you and me if bad companies fail or succeed despite being poorly run?
I'm curious about the context of your judgment.
- FredPret 1y agoBad companies tie up capital and talent unproductively. If a CEO is making a tech product, but knows so little about tech that he's replacing engineers with 2025's AIs, we're all better off if that CEO goes and does something else, and those engineers go work for technical people. Temporary stability is not a substitute for long-term prosperity. Creative destruction.
- criley2 1y agoIf paying rent, mortgage and food is all that matters, why not just pay people to dig ditches and then pay them to fill them back in? Why go through the rigamarole of engineering at all? If we accept that we should be productive, then it seems easy to justify that engineers should be working at good, well run companies producing real value for society.
- mancerayder 1y agoIn theory I agree, companies should be productive. In practice having worked in financial services and ad tech, at high salaries in each, it was absolutely the equivalent of intellectual digging of ditches for pay. The only job I ever had that felt productive was in academia, and the pay was off the charts low.