88
you are viewing a single comment's thread
view the rest of the comments
[-] immutable@lemm.ee 133 points 1 week ago

A billion dollars is a hard sum of money to wrap your head around. There is basically no ethical way to make a billion dollars. If you have a billion dollars it’s because you’ve stiffed a lot of people a lot of the value they created and kept it for yourself.

[-] MrPoopyButthole@lemmy.dbzer0.com 78 points 1 week ago

This is exactly how I have always thought about it too. Pure greed. My father ran a company for 35 years and for 3 of those years he took either no payout or a very small payout so that he didn't have to let anyone go. I asked him why he didn't just downsize and he said that other people needed the money more than us. That's how shit needs to be run. People centric not profit driven.

[-] ddplf@szmer.info 3 points 1 week ago

Unfortunately it is in human nature to compare oneself to other people, and becoming big in other people's eyes is easiest when other people around you are already smaller than you.

This becomes truly predatory when you become the person deciding on other's situation.

Do you know a single business where an employee makes more money than his boss? Because I sure know lots of businesses where employees posses much more knowledge or skill than their supervisor, yet none of them surpass them in earnings.

[-] ironhydroxide@sh.itjust.works 4 points 1 week ago

Though I have known business owners who have made less than their employees at times, it's always been small 2-10 person businesses, and in a hard time when the owner was trying to weather the hard times with their own equity (ie paying the company to keep people employed). But that's only a small amount of time, and never a business that the majority of people in the county knew the name.

As for businesses with shareholders. Hell no. Never would happen.

[-] Juvyn00b@lemmy.world 1 points 1 week ago

I've had one supervisor in a large enterprise company make less than me - and they were damn good at their job. I was also told at another job I applied for (different firm) that I couldn't realistically request to make more than the manager.

[-] Nomad@infosec.pub 1 points 1 week ago

Business owner here who's best employees earn at least as much as me: an often overlooked fact is the risk of invested time without equal payout for founding a business and ally the time until it eventually all works out.

All the employees at my age bracket already bought a house, and although my business starts working out now, after 10 years invested, my kids don't play in their own yard yet.

We need people creating ethical business and they need to earn quite a lot more money after all that first to catch up money wise and then to justify the risk. Of founding at all.

Most employees forget that for all their economic security there was somebody before them taking the risk and pay cuts to make that a possibility. Which is understandable, but sometimes a little sad. :/

[-] CosmicTurtle0@lemmy.dbzer0.com 16 points 1 week ago

Even if they earned it ethically, they literally can't spend this much money. They can't spend the money fast enough.

They hold on to this much money to keep score.

this post was submitted on 05 Dec 2024
88 points (83.8% liked)

Ask Lemmy

27210 readers
1521 users here now

A Fediverse community for open-ended, thought provoking questions


Rules: (interactive)


1) Be nice and; have funDoxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them


2) All posts must end with a '?'This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?


3) No spamPlease do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.


4) NSFW is okay, within reasonJust remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com. NSFW comments should be restricted to posts tagged [NSFW].


5) This is not a support community.
It is not a place for 'how do I?', type questions. If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.


6) No US Politics.
Please don't post about current US Politics. If you need to do this, try !politicaldiscussion@lemmy.world or !askusa@discuss.online


Reminder: The terms of service apply here too.

Partnered Communities:

Tech Support

No Stupid Questions

You Should Know

Reddit

Jokes

Ask Ouija


Logo design credit goes to: tubbadu


founded 2 years ago
MODERATORS