First - 'Doing A Good Job' is not 'Maximal Effort'.
Second - professionals have incredible power and market wages are what they are. Most corporations do not profit in some exceptionally linear way beyond employees.
The 'Giant Lie' is that corporations are some magical entities that collect magic surpluses and shareholders and owners run off or private jets.
The vast majority of companies are not hugely profitable, and most small and mid-sized one's are not. Especially not in some disproportionately 'non linear' way.
Stock prices may be crazy - and those who trade stocks may or may not be making bank - but that's a very odd historical situation we have where shares are trading at absurd levesl relative to profits. That's a market 'dysfunction that may or may not be around for a while that some people managed to make money from, like Bitcoin, it's just a Ponzi-ish thing that has happened.
Corporations are not drowning in profits, and White Collar employees soak up the vast majority of corporate spending.
FYI everything I'm saying applies to mostly white collar professionals, for unskilled labour it's a different story.
Second - professionals have incredible power and market wages are what they are. Most corporations do not profit in some exceptionally linear way beyond employees.
The 'Giant Lie' is that corporations are some magical entities that collect magic surpluses and shareholders and owners run off or private jets.
The vast majority of companies are not hugely profitable, and most small and mid-sized one's are not. Especially not in some disproportionately 'non linear' way.
Stock prices may be crazy - and those who trade stocks may or may not be making bank - but that's a very odd historical situation we have where shares are trading at absurd levesl relative to profits. That's a market 'dysfunction that may or may not be around for a while that some people managed to make money from, like Bitcoin, it's just a Ponzi-ish thing that has happened.
Corporations are not drowning in profits, and White Collar employees soak up the vast majority of corporate spending.
FYI everything I'm saying applies to mostly white collar professionals, for unskilled labour it's a different story.