this post was submitted on 29 Mar 2024
224 points (99.1% liked)
Work Reform
10012 readers
488 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Before the 80s the top marginal tax rate was obscene, so as a CEO or exec the way you'd extract value from your company was to make sure it'd last a hundred years and keep paying you the whole time. Reputation was of the utmost importance.
Now it makes more sense to just cash out whenever you can. We've changed the incentive structure. Who the duck cares if the planes stay in the sky six years from now, you'll be out by then and it'll be someone else's problem. There's so much money to be made by taking existing reputation and cashing it in.
The best part is that in many industries, especially in software, you can fire people now and won't really feel the effects for years. You can take the money now, and maybe try to deal with the problems caused when they come up.