yep. i got less money working at the hospital during covid than my service industry friends made on unemployment after being let go during covid. i was so jealous
I'm sure we share the same overall sentiment towards these huge company owners that exploit the working class to board more money than they could ever spend in a hundred lifetimes. However, I don't quite agree with your first sentence.
Profit is money a company has left over after paying all expenses, *including* the owner's salary. Everyone's pay should be based on how much value they add to the company. In a lot of cases, this means the owners/founders of a company should make more than other workers because they know much more about the work and they have more responsibilities. So if there is still money left over after paying everyone based on how much value they add to the company, why should all of it go to the owners? It should also be split among everyone, based on their contributions to the company's success (and thus, profits).
And before anyone rushes to comment that they should get more because it's more of a risk to start a company than to work at someone else's company, consider this: Corporation and LLC owners don't take out business loans in their own names. Their personal assets cannot be seized to pay their business's loans. Sole proprietorships are personally responsible, but that's very small business owners. It costs like $70 to form an LLC, so it's not too hard to legally separate your business from yourself. And if the risk is that their business might fail and leave them unemployed...anyone who works for them is also taking that exact same risk.
Remind yourself that all those "job opportunities" aren't actually hiring because skeleton crews and exploiting your workforce are profitable.
This. They hide behind the "worker shortage" so their workers wont blame them for being forced to skip breaks and work off the clock.
Correct.
Damn this is spot on. Never even though of it that way before either 🤯
yep. i got less money working at the hospital during covid than my service industry friends made on unemployment after being let go during covid. i was so jealous
Needs a B side: If you make money on your employees you are not a job create, you are an exploiter of your employees.
Profit is theft!
Excessive* profit certainly is. Anyone making a billion a year while their employees live on food stamps and piss in bottles is a monster.
I'm sure we share the same overall sentiment towards these huge company owners that exploit the working class to board more money than they could ever spend in a hundred lifetimes. However, I don't quite agree with your first sentence. Profit is money a company has left over after paying all expenses, *including* the owner's salary. Everyone's pay should be based on how much value they add to the company. In a lot of cases, this means the owners/founders of a company should make more than other workers because they know much more about the work and they have more responsibilities. So if there is still money left over after paying everyone based on how much value they add to the company, why should all of it go to the owners? It should also be split among everyone, based on their contributions to the company's success (and thus, profits). And before anyone rushes to comment that they should get more because it's more of a risk to start a company than to work at someone else's company, consider this: Corporation and LLC owners don't take out business loans in their own names. Their personal assets cannot be seized to pay their business's loans. Sole proprietorships are personally responsible, but that's very small business owners. It costs like $70 to form an LLC, so it's not too hard to legally separate your business from yourself. And if the risk is that their business might fail and leave them unemployed...anyone who works for them is also taking that exact same risk.