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this post was submitted on 31 Aug 2023
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Underpaid employees: Corporations are going to fix this problem they created by paying employees their share of record profits?
Corporations: No, not like that!
Profits are unpaid wages, change my mind.
I agree with this statement but thought I'd have a go at challenging it just for fun. The nature of profits and wages is relative to whether or not a business model requires workers to make profit. For example some companies make money off of owning the result of a worker's labor (patents, software, creative work etc) rather than their ongoing labor. So while not all profits are necessarily unpaid wages, they are still dependent on the exchange of labor.
Profits can go to cover capitol expenditures on your business as well. And there's nothing wrong with that.
Profit is what's left of revenue after expenses are covered.
And capital expenditure isn't necessarily an expense in the accounting sense. CapEx comes from previous profit
It's an asset charged as a fixed expense, depreciated over time. It is an expense, generally property or equipment, but still is an expense, which is defined as money spent in pursuit of revenue, which is determined before profit.
Profits can be used to expand the business and hire more employees
No, that’s “capital expenses” and companies write that off on their taxes. Profit is what’s left after all expenses, including capital ones.
they can be used to build a doomsday bunker in the desert for the owners
They can be used for a lot of things...
wait, you mean the Trump Tax Cuts haven't trickled down to workers? well what in the Wide Wide World of Sports is a going on here?
My boss likes to show us how much money the company is making at our quarterly meetings. I think he thinks it's morale-building, but I know, in at least the case of me and a co-worker, that all it does is make us think of how low our pay is.
I would just straight up say that next time and make it weird.
Yeah, I want to keep my job. Until I find a better one.