The reason people are complaining is because the in current capitalism:
- Shareholders are given a preference over labor
- Executives continue to print shares for their own compensation. Like a food chain, the years/decades of value is being sucked off by shareholders and execs without adequately compensating the people who built it. No, the handful of shares given to engineers doesn't cut it when they were the one who toiled to make it happen.
This system is not rewarding workers appropriately. That's the root cause.
If employees continued to get residuals/printed stocks after losing their jobs, they'd feel more ok with such mass layoffs where value is sucked by some at the expense of others.
> This system is not rewarding workers appropriately. That's the root cause.
Hearing people complain that Google (one of the top paying tech companies) is not appropriately rewarding workers or making claims that Shareholder activities don’t benefit workers at a company famous for paying workers heavily in shares is ironic.
The assets built by workers continue to earn money for Google long after the asset builders have left. They should continue to have residuals for it - either in cash or in diluted shares.
That's all. If people get this, they'd be happy employees.
Aren't google employees getting shares of the company? My understanding is that employees directly participate in the success of google through dividends/buybacks like any other shareholder.
I doubt DARPA were passive. But how much of google do they now own? Or should that be 'we' if you're a US citizen.
In any case 'investment' doesn't build anything, it just an enabler for others to build. Just like betting on a race horse is not the same as actually riding around the track and passing the finish line.
There was no capitalism that did not favor owners.
What you perceive as previous version was in fact the direct result of socialist unions threatening to burn down the factories unless better terms are negotiated.
- People form hierarchy (required for coordination)
- everybody want to take more for them self
- ones at the top have means to take more for them self
From other side:
- in hierarchy there are more people bellow, than on top
- coordination is easier among fewer heads
- motivation is dilluted below (1000 employees getting +100¥, vs one at the top getting 100 000¥)
Also I have a feeling that most devs are quite well of compared to other professions and can even own stock of companies and be the ones benefiting from company optimisations (layoffs)
- Shareholders are given a preference over labor
- Executives continue to print shares for their own compensation. Like a food chain, the years/decades of value is being sucked off by shareholders and execs without adequately compensating the people who built it. No, the handful of shares given to engineers doesn't cut it when they were the one who toiled to make it happen.
This system is not rewarding workers appropriately. That's the root cause.
If employees continued to get residuals/printed stocks after losing their jobs, they'd feel more ok with such mass layoffs where value is sucked by some at the expense of others.