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I have the argument I am paid less than the value I create. That sounds like some idiotic communist BS where everyone had nothing and they tried to flee the country in mass.
I will make about 500K this year. Depends on what the economy does over the next three months. I feel that is fair pay for what I do. I have no qualms with my pay, my benefits, the way I am treated, the hours that I work or really anything other than the job is boring. I work maybe twenty hours a week and I wish there was more to do since that would mean more money for myself.
I never claimed the company cared about nor would I even want that. Maybe that is important to you but it isn't important to me. I have friends and family who care about me. work is about producing an income to do the things I want to do in life.
lol one of my product reps was doing just as well as you, and he got the ax is some restructuring with the minimum notice allowed.
He's amazing, and went to work for a competitor basically instantly, but the interruption in cash flow made half a year extremely stressful.
You represent the top 0.5%, but you still aren't immune to life changing events. A union would still benefit you, by increasing the stability of your income.
The interruption of cash flow is a pain but that is why we save. If they laid me off and I couldn't find work. I have enough savings to last me at least 60 years. I don't see myself living to 110.
I have the argument I am paid less than the value I create.
All businesses exist for the purpose of generating profit for their owners.
Without workers providing labor to a business, the business could not operate. All value generated from the operation of a company is generated by the labor of workers.
Profit is the value generated by the labor of workers minus the wages paid to them.
If the wages paid to workers were not less than the value generated by their labor, then the business could not generate a profit.
The reasoning is so simple that a child could understand it, and you could understand it too, if you were not so pigheadedly anchored to your narrative about "idiotic communist BS" and "everyone had nothing".
I have friends and family who care about me. work is about producing an income to do the things I want to do in life.
Unless your friends and family would be willing to pay you as much as your income from your job, you profoundly misapprehended the meaning of my comments.
The very instant conditions change such that your labor is no longer profitable for a company, you lose.
The reasoning is so simple that a child could understand it, and you could understand it too, if you were not so pigheadedly anchored to your narrative about “idiotic communist BS” and “everyone had nothing”.
The reasoning is idiotic.
A business owner takes a risk. They supply the capital to run the company. I sell my labor for what I consider a fair price. I take no risk. If the company does not produce a profit, I am still paid. If the company does not produce a profit, the owner loses his whole investment and possibly his home.
The whole the value of your labor is just some weird communist motto that isn't well thought out.
A business owner takes a risk. They supply the capital to run the company.
the owner loses his whole investment and possibly his home.
Business owners don't "supply" capital. Business owners own capital.
Anyone who has access to capital is far less vulnerable generally than workers, who have no capital.
Workers live under continuous precarity.
What is the net worth of the owner of your company? What is the motive for being a business owner? Do you really think you are less likely to become homeless than him or her?
The whole the "business owners take all risk" is just some tired neoliberal apologia that is intended to mislead.
They supply the capital. That is why they are the owner.
WOrkers have capital. Who do you think money, car, homes, etc are?!?!? I am a worker and I have a fair amount of capital saved up.
The company I work for is about 28 billion. My share is about 1 million. The company I own is worth about 28 million. I started with the capital from my day job and grew it and in the beginning, I was taking on a lot of risk.
The owner/shareholders are the ones who take all the risk. The worker has zero risk. If times get bad, they can go get another job. The company I work at could go bankrupt tomorrow and I would be fine.
That's not capital, that's just things. Capital is material wealth that gives you bargaining power on a larger scale. You don't have that bargaining power just because you "own" a car or a house. In most cases, the bank essentially owns those things, and lease them to you for the interest rate it charges.
The worker has zero risk. If times get bad, they can go get another job.
If you think that's true, you haven't been paying attention to the job market at all.
The company I work at could go bankrupt tomorrow and I would be fine.
And ninety-nine times out of a hundred, the shareholders and owners will be fine as well. They'll have insurance, or backup plans. Or they'll foist all the debt onto the workers. The only time they'd truly feel it, is if they'd make monumentally stupid financial decisions.
That is what capital is. You may not like the definition but it is how the word is used. I own my three homes. I still have mortgages but I can use them as capital to start a business.
I am very aware of the job market. I have several positions pursuing me heavily now. The job market is always good for those with skills in demand.
Now sure you understand a BK. The shareholders lose all their money. Insurance doesn't cover that. I am not sure you understand how money works well because you don't understand capital and you don't realize the average American is a shareholder. What do you think a 401k is? It is buying stock, bonds, etc which would make you a shareholder.
Owning is not supplying. Owning is holding. Supplying is transferring possession to another party. When you hold ownership of a business, you maintain control of the business, as it operates, and you collect profit from its operation. You never deplete the supply of the business you own as a natural consequence of its operation.
Capital is assets that have productive value, such as businesses or rented properties. Cars and homes that are used by their owners are not capital, and neither is cash deposited in a bank. Most capital is owned by a very small cohort of society.
Business owners own capital. Workers own essentially none.
You have very deep confusion about extremely basic concepts, a condition that is not being helped by your snarkiness and hostility
I can see you have no business experience. You're just trying to make up terms that do not meet the definitions in the real world.
Capital is money, care, etc are capital. So is cash.
I am not being snarky or hostile, I am enjoying your limited knowledge of a topic where you think you are right but are wrong.
I am not confused about the topic at all. I am using real words and not some made up vocabulary. As you will see personal savings is right there on the list.
Ok. Capital is just cars and cash.
The article you referenced explains (emphasis added)...
While money itself may be construed as capital, capital is more often associated with cash that is being put to work for productive or investment purposes.
I think my time is better spent now supplying my capital to a local drinking establishment.
Enjoy ranting.
Yes, you supply the money to the business. That is the investment. That is what the owner is risking, their cash, their car, their home, all the things you have to be willing to tie as collateral back to the business.
The act of investment is purchasing (or exchanging) capital using cash or other assets.
A business may acquire funding from investment, but in such a case the investor is trading cash for equity, bonds, or some other investment asset representing the present or future value of the company, or generated by the company. The investor is not supplying capital, but rather purchasing capital (or trading capital).
The idea that the investor is supplying capital to the company is only a metaphor.
Someone may lose money from an investment, but most capital is owned by immensely wealthy individuals, whose situation is vastly removed from that of ordinary workers, who actually do face the risk of losing their only home or their only car.
Even small businesses are owned by individuals who have chosen to become business owners in order to profit from others' work. Any risk they assume is through an attempt to enrich themselves from gains not shared with workers. By not sharing their gains with those who are working to create them, business owners, large or small, are not helping workers, but rather preventing workers from advancing.
It isn't a metaphor. It is how it works.
The gains are shared with the workers; it is called a paycheck, insurance, etc.. The workers do not share the losses. When I had my first business, my house was at risk if I did not repay the loan. The worker lost nothing if it failed. They would just go on to the next job. When I gave them the company, they had as much knowledge as you did and bankrupted it in three months. They didn't get the basics of accounting or finance either.
You don't seem to grasp the basics. You seem to think the average business owner was given the company and has nothing at risk, which is purely mythical thinking. That is why our tax code heavily rewards people who own companies that create jobs. It is because they're taking a risk which rewards the community.
Even on a larger scale, if Twitter does not do well, Elon loses billions. The workers don't lose anything. If the company does well, the workers can gain millions in their stock grants.
It isn't the company preventing you from advancing. It is your mythical thinking of how things work. You are free to go start your own company and pay the workers their real value. Nothing stops you from doing that. You will be BK in very short order as you will have no reserves, if something breaks you will have no cash to repair it, you won't even be able to pay your PO at the end of the month but you are free to give it a swing.