2 ms·
So what? Most people in the world would kill to make $30k a year. The issue isn't the absolute level of compensation, but the relative split between labor and
by scarmig 13y ago
So what? Most people in the world would kill to make $30k a year.
The issue isn't the absolute level of compensation, but the relative split between labor and management/capital. Exploitation is exploitation: a Roman house slave, though better than the majority of slaves, is still exploited and still a slave.
And why are you complaining about engineers wanting to get paid closer to the value they provide the company? It's no skin off your back: sure, it might eat into shareholder and upper management salaries, but they get paid in the millions, which even more people would kill for.
- sjg007 13y agoThe adage is that those that risk capital reap the rewards..
- scarmig 13y agoAdages only go so far. "A day's work for a day's pay." "To each what he deserves." Every economic function involves risk, to both labor and to capital. There's no reason, however, that the majority of the value should go to capital. The economics of relative scarcity, possibly. But that's not the situation here: market forces didn't decide compensation packages and the return to capital, here. Collusion did, which is a distortion of the market from a situation of perfect competition.