If you think you're not getting paid enough you should quit and start your own company. The fact that google/apple/amazon make 5-10x per employee is not proof that you're underpaid. The chef at French Laundry makes $$$$$$$, does that mean the apple farmer who supplied the apples for $ is underpaid?

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PittleyDunkin 8 months ago | parent | next [-]

> If you think you're not getting paid enough you should quit and start your own company.

I'd rather eat a bullet, thanks. I have dignity and I'd like to keep it.

> The fact that google/apple/amazon make 5-10x per employee is not proof that you're underpaid.

That's exactly what it means.

> The chef at French Laundry makes $$$$$$$, does that mean the apple farmer who supplied the apples for $ is underpaid?

The chef is paid for their labor. Shareholders contribute nothing to society.

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xyzzy4747 8 months ago | parent | next [-]

The original shareholders created the company. Without them there wouldn't be jobs.

The newer shareholders provided liquidity to the original shareholders. Their benefit to society was helping to incentivize the people who created the company (and all the jobs) by making them rich.

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PittleyDunkin 8 months ago | parent [-]

> The original shareholders created the company. Without them there wouldn't be jobs.

For a nation with so many smart people we sure pretend to be dumb.

	▲	xyzzy4747 8 months ago \| parent [-]
		What do you mean exactly? Literally every job that exists in the private sector is created by a company, and companies are created by shareholders.

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johnnyanmac 8 months ago | parent | prev [-]

>I have dignity and I'd like to keep it.

it's not about dignity, it's about history. That's why those FAANGs offered crazy salaries before tapering off some 5 years ago.

The last thing they wanted was for the true 10x'ers to become tomorrow's competition, or for others to work for such 10x'ers. Because if such an engineer could make a 10m/yr business vs being hired for 100k, many would take that business opportunity.

>Shareholders contribute nothing to society.

they contribute money, and that's all that matters. quality, long term profitability, and worker dignity be damned.

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achierius 8 months ago | parent | prev [-]

Can you not see how there's a massive barrier to doing that? That's exactly why there's not enough of a competitive labor market. And at that point, they're not doing their job anymore: they're doing the CEO's.

	▲	johnnyanmac 8 months ago \| parent [-]
		>Can you not see how there's a massive barrier to doing that yeah, business is hard. FAANG paying a very cushy salary is relatively easier. The ambitious would still consider such a choice tho, and those are the ones they want to keep in their own company instead of as a future competitor. They literally paid off a competitive labor market.