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To me, it feels like saying "you can't be a public benefit corporation unless all the labor involved in delivering that public benefit is cheap". Which just do
by ACCount37 8mo ago
To me, it feels like saying "you can't be a public benefit corporation unless all the labor involved in delivering that public benefit is cheap".
Which just doesn't seem like it should be true?
Sure, some "public benefit" missions could scale sideways and employ a lot of cheap labor, not suffering from a salary cap at all. But other missions would require rare high end high performance high salary specialists who are in demand - and thus expensive. You can't rely on being able to source enough altruists that will put up with being paid half their market worth for the sake of the mission.
- coldtea 8mo ago>But other missions would require rare high end high performance high salary specialists who are in demand - and thus expensive. You can't rely on being able to source enough altruists that will put up with being paid half their market worth for the sake of the mission.' That's exactly what a non-profit should be able to rely on. And not just "half their market worth", but even many times less. Else we can just say "we can't really have non-profits, because everybody is a greedy pig who doesn't care about public benefit enough to make a sacrifice of profits - but still a perfectly livable salary" - and be done with it.
- sarchertech 8mo agoThis would shutdown about half the hospitals in the US.
- coldtea 8mo agoA, US healthcare, that paragon of value-for-money and not-for-profitness...
- sarchertech 8mo agoYeah I’m sure the fix for that is to shutdown or transition all of the remaining non-profit hospitals to a for profit model.