this post was submitted on 05 Jan 2024
369 points (99.5% liked)

Technology

59211 readers
3499 users here now

This is a most excellent place for technology news and articles.


Our Rules


  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots


founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] partial_accumen@lemmy.world 2 points 10 months ago

Sometimes I wonder what would happen, if the majority of the workers for these companies just drop out and start their own little venue, helping each other etc IMO that could be one way to fight back that killer capitalism.

This happens moderately often already. It goes like this:

  1. Knowledge workers quit, form their own company leveraging their skills.
  2. While very skilled in their areas of expertise, what they lack is entrepreneurship skill in things like forming a business plan, managing finances, HR regulations/payroll requirements, and sales organizational skills.
  3. They end up taking work from their former employers (making more than they were before), but ultimately underselling themselves because they need the work for their new business.
  4. The former employers understand this and promise higher paying/more work if they accept the low offer initially.
  5. The realities of running a business (instead of using their specialized skills) take more and more time.
  6. With low paying/not enough work, employee benefits are cut to maintain the business.
  7. The ugly reality becomes clear of why their former employers made those decisions of layoff or pay cuts, and they have to do the same to maintain the business.

At this point there is a fork with two possible outcomes.

8a. The new company goes out of business when the cash runs out because the company refused to change and make the hard business decisions. All founders and employees lose their jobs. In some cases the employees find out when their paychecks bounce and the outside office doors are locked with the lights out.

8b. The new company continues business and grows. It become much of what it disliked about their original employer, but successful in business. Years later a group of dissatisfied lower level employees splits off and creates their own company... and the cycle repeats.