Yeah, EU is slipping. We need to pay attention to the flaws that we’ve been introducing.
I don’t find profit to be an inherent antagonist. I believe that workers (even CEOs) need to be rewarded for good work. This is where profit comes in. Without profit there can be no pay rises when job experience and responsibilities increase.
Unchecked profits on the other hand… This comes in many shapes. Tax havens and top-heavy distribution of profit spring to mind immediately. These are counter-intuitive.
It is acceptable for the company owners to receive most profit as they have taken the largest risks in terms of capital. However, things like inheritance, bonuses and stock options can distort the degree of risk taken. A newly-hired megacorp CEO will not have taken significant monetary risk relative to the founder.
Systems should be in place to reduce unfair wealth distribution. Eg. Stock options should be given to the entire company workforce rather than just the top dogs. Annual bonuses should apply to all.
Profit-seeking drives innovation and efficiency. These to me are good values as we look for incentives to fight climate change or improving working conditions. Obviously legislation must follow suit and ensure it provides structures that encourage this while protecting people from skewed power hierarchies.
Profit is the share of value removed from wages, that is, removed from pay given to workers, who provide the labor that generated the value in a business, by business owners, who contribute no labor for generating the value in the business.
Yeah, EU is slipping. We need to pay attention to the flaws that we’ve been introducing.
I don’t find profit to be an inherent antagonist. I believe that workers (even CEOs) need to be rewarded for good work. This is where profit comes in. Without profit there can be no pay rises when job experience and responsibilities increase.
Unchecked profits on the other hand… This comes in many shapes. Tax havens and top-heavy distribution of profit spring to mind immediately. These are counter-intuitive.
It is acceptable for the company owners to receive most profit as they have taken the largest risks in terms of capital. However, things like inheritance, bonuses and stock options can distort the degree of risk taken. A newly-hired megacorp CEO will not have taken significant monetary risk relative to the founder.
Systems should be in place to reduce unfair wealth distribution. Eg. Stock options should be given to the entire company workforce rather than just the top dogs. Annual bonuses should apply to all.
Profit-seeking drives innovation and efficiency. These to me are good values as we look for incentives to fight climate change or improving working conditions. Obviously legislation must follow suit and ensure it provides structures that encourage this while protecting people from skewed power hierarchies.
Profit is not pay for work.
Profit is the share of value removed from wages, that is, removed from pay given to workers, who provide the labor that generated the value in a business, by business owners, who contribute no labor for generating the value in the business.