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maybe the issue is capitalism where even if your productivity multiplies x100 your salary stays x1 and your work hours stay x1
by tough 1y ago
maybe the issue is capitalism where even if your productivity multiplies x100
your salary stays x1
and your work hours stay x1
- koakuma-chan 1y agoBut aren't you supposed to be incentivized to work harder by having equity?
- rimunroe 1y agoEquity is a lottery ticket. Is sacrificing my happiness or life balance in the near term worth the gamble that A) my company will be successful, and B) that my equity won’t have been diluted to worthlessness by the time that happens? At higher levels of seniority/importamce/influence this might make sense, but for most people I seriously doubt it does, especially early in their careers.
- adastra22 1y agoThat doesn’t happen anywhere outside of Silicon Valley.
- tough 1y agoAnd even in Silicon Valley you get the survivor ship bias of the 1% of companies getting to IPO and making their employees decent exit stories... 99% of startups die off worthless and your equity never realises.
- tough 1y agoAs a non-founder / not a VC you max get a few percentage points, and its mostly paper toilet money until there's an exit or IPO, and the founders will always try to squeeze you if they can, not because they're bad people, but because the system incentivises it. (you'll keep getting diluted in future rounds) tbh, if im gonna bust my ass I'd rather own the thing.
- chillingeffect 1y agoA recent job offer for a startup was a 5 year vest with a 2 year cliff. Seriously?
- dfee 1y agoQuite literally not. Capitalism encourages you to put your butt in your own seat and reap the rewards of your efforts. Of course it also provides you the decision making to keep your butt in someone else’s seat if the risk vs. reward of going your own isn’t worth it. And then it allows your employer to put another butt in your seat if you don’t adopt efficiency patterns. So: capitalism is compatible with communism as an option, but it’s generally a suboptimal option for one or both parties.
- hiddencost 1y agoNo it doesn't. People tell that story but the system is incredibly heavily leveraged to prevent that.
- hyperliner 1y ago[dead]
- deleted 1y ago[deleted]
- tough 1y agoMaybe in a true -capitalistic- market that'd happen. but the state keeps meddling and making oligarchs and friends have unfair advantages. It's hard to compete when the system is rigged from the start.
- hyperliner 1y ago[dead]
- darth_avocado 1y agoMore accurate representation is this: Productivity multiplies x2 You keep your job x0.5 Your salary x0.8 (because the guy we just fired will gladly do your job for less) Your work hours x1.4 (because now we expect you to do the work of 2 people, but didn’t account for all the overhead that comes with it)