4 ms·
Fund managers are paid to do a job by the owners of capital. Obviously that job is is work. The overwhelming majority of the gains accrue to the owners, and onl
by ForHackernews 4mo ago
Fund managers are paid to do a job by the owners of capital. Obviously that job is is work. The overwhelming majority of the gains accrue to the owners, and only a small fraction to the diligent fund manager who did the work.
Are you sure you tried to come up with a counter example?
- twoodfin 4mo agoNow you’re just question-begging. If the only kind of “work” is “selling your labor” then sure, but I think a farmer tilling his own soil is “working”.