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FangCopperscale t1_je5tc3u wrote

Reply to comment by Phoenix5869 in Is capitalism REALLY going to disappear? by Phoenix5869

Does Tim Cook actually manufacture the phones? Engineer the phones? Sell the phones via retail? Does Bezos pick and sort packaging? Do customer service? Distribute the packages? No. The wealth of those companies should be distributed amongst the employees doing the real work with real productivity that actually makes the company valuable. One man doesn’t make the company work. Wages should be higher and each employee should have more vested shares in the company. One man doesn’t need half or more of the shares of the company and a large majority all of the wealth of its successes.

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Phoenix5869 OP t1_je5uk40 wrote

“employees should have shares in the company”? Im sorry but this made me laugh. So every small business is just supposed to hand over shares, which could be bought by shareholders and benefit the business through the money paid for said shares, and just… hand them over for free? No small or even medium sized business could afford to hire workers if that was the case. And what happens when the employee(s) leave the company? What happens to the shares? What happens if the workers save up / get enough money from the shares to no longer require employment?

and if wages were higher, that would hurt small businesses, and the price of everything would just go up.

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lostnthenet t1_je5viq0 wrote

It wouldn't be for free. Those employees are doing the work that is making the business run so why shouldn't they have some ownership in their work. Why should the person that started it reap all the profit from it when they are doing it on the backs of the workers?

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Surur t1_je5zv75 wrote

So they should be paid in shares and dividends, and when the company does poorly they can eat less, right?

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lostnthenet t1_je63h28 wrote

They should get wages and shares. Why not? There are lots of companies that are "employee owned" and usually they do better because people will care more if they have some ownership of what they are creating.

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Surur t1_je6434v wrote

> They should get wages and shares

As you note, that is not a new thing, in fact its a normal thing. So the reason Bezos is so rich is that he works for Amazon and was given the biggest allocation of shares.

Do you have a problem with that?

What if early Apple workers became billionaires (like early Microsoft employees).

Do you have a problem with that?

Or early Tesla factory workers?

Do you have a problem with people getting rich from their shares?

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Phoenix5869 OP t1_je5v0q1 wrote

And CEO’s have a lot of responsibilities. Without Tim Cook making the right desicions, there would be no apple.

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FangCopperscale t1_je61dh3 wrote

If your business can’t sustain a living wage with cost of living increases it shouldn’t exist, plain and simple truth. Also you seem to put too much emphasis on what someone like Tim Cook does when in reality any experienced, competent individual in the company could make similar good and bad decisions. CEOs aren’t bastions of only the best ideas. Many of them make decisions that get themselves fired or kill the company and they pull their multi-million golden parachutes at the regular workers expense.

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