ovirt001 t1_ix5fnlt wrote on November 20, 2022 at 9:58 PM

Reply to comment by PitifulNose in Will working for a DAO be better than a corporate job? by berlinparisexpress

> Ever heard of capitalism? The idea of profit sharing evenly amongst workers is diametrically opposite the stated goals of capitalism. This is the main choke point as to why this idea will not scale.

Workers are capitalists willing to sell their time and effort valued by experience (college, real world experience, or both) for an agreed upon price. Employment is also a market. In many companies they can be partially compensated with a portion of the company (probably most common in Silicon Valley but exists elsewhere).

PitifulNose t1_ix5ntjy wrote on November 20, 2022 at 10:57 PM

For the most part only top executives at publicly traded companies get stock as part of their comp.

So your thesis is that: workers that simply participate in a system that they can neither opt out of nor had a hand in creating are “capitalists too”…. So this makes them even culprits with the corporate goal to slash worker pay, raise consumer prices and beat up suppliers and competitors up the supply chain to shave as much profit off and pass it all to shareholders?

This sounds an awful lot like blame the slaves for slavery. Not saying your average worker is a slave per se, but their ability to opt out is just as futile.

ovirt001 t1_ix83prc wrote on November 21, 2022 at 2:01 PM

> So your thesis is that: workers that simply participate in a system that they can neither opt out of nor had a hand in creating are “capitalists too”…. So this makes them even culprits with the corporate goal to slash worker pay, raise consumer prices and beat up suppliers and competitors up the supply chain to shave as much profit off and pass it all to shareholders? > > > > This sounds an awful lot like blame the slaves for slavery. Not saying your average worker is a slave per se, but their ability to opt out is just as futile.

The leverage of business owners over their employees is exactly why strikes are legal in the US. They prevent the owner from operating the business (or at least make it substantially more expensive) until they come to the negotiating table.

PitifulNose t1_ix892mc wrote on November 21, 2022 at 2:43 PM

Strikes may be legal technically, but damn near half our states are “Right to work” states where businesses can fire anyone anytime without cause for any reason and not be sued. So anyone even talking about striking will get fired immediately, and the movement is dead before it even started.

It is very rare for workers to have any leverage over here. That is why our federal minimum wage only covers 25% of one months rent in most places.

ovirt001 t1_ixcyhbl wrote on November 22, 2022 at 2:45 PM

Yup, the US has a long way to go to repair workers' rights.