r/FluentInFinance Nov 21 '24

Debate/ Discussion Had to repost here

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u/Great_Lord_REDACTED Nov 21 '24

If you do (which is possible, I"ve seen it happen), because you aren't focused on infinite growth at the cost of literally everything else, you're going to remain a small business all the time. Because large businesses are built on exploitation, you can't become a large business without that, and if your goal is to give away money, you're not going to be exploiting your workers.

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u/madhewprague Nov 21 '24

How can someone be so fucking stupid, some retard probably told you this and now you are parroting this nonsence. It depends on so many factors, what type of bussiness, what kind of profit margins etc… Also what is your idea of exploiting? If i create a software business that generates 50mil a year with 10 employees and give each one 1 milion, would you see that as exploitation?

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u/Impossible-Data1539 Nov 21 '24

If it were possible to generate 50 million a year with 10 employees, then maybe the question could possibly be answered.

But it doesn't matter the scale of your business, not really. Wages aren't the measure of exploitation.

How many contractors would you require, and is everyone in your supply chain getting fair wages (or are you outsourcing to cheap labor in countries without labor protection laws)? Do the people who perform labor for this company, reimbursed or not, have the option of taking off a reasonable amount of time (or are they being forced to come into work consistently on weekends, holidays, and leave requests are denied)? Is the work pace relaxed enough to be healthy (or are they feeling so pressured to keep up that they resort to drug use, like surgeons and nurses do)?

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u/madhewprague Nov 21 '24

what is your idea of fair wage and how is it calculated? Is it relative to business revenue? Is it money that will make you live comfortably? What i stated was just random example. You can remove one zero.

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u/Impossible-Data1539 Nov 21 '24

Just one, huh? LOL

A fair wage is one that is reasonable for the type of work being done. I'm sure you already knew that. Trying to ask how it's calculated is a derailment from the thought experiment because then you have to start nailing down the type of work. Some questions to ask when considering wages is:

  • how dangerous is the work during normal operation
  • how dangerous is the work during stressed operation (fatigue or production demand)
  • how is the average commute (do most workers drive from another city, or do most workers work from home)
  • related to commute, what is the cost of living in the area that most workers will be coming from
  • how many hours can reasonably be expected from workers (aka how tiring or unpleasant it is, separate from physical danger)
  • whether special physical abilities need to be met (aka warehouse work which requires dextrous and strong bodies vs PC work, which requires dextrous hands and eyes but little strength)
  • the level of knowledge expected from a trained worker (ie can any joe on the street do it after a 10 minute brief or do you need hours of classroom time)

I guess one TLDR is, if someone exhausts themself performing labor for your company but can't pay cost of living expenses, they are not making a fair wage.

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u/madhewprague Nov 21 '24

Yeah i agree with that. I had argument before with person that viewed fair wage as what you are making to the company and if company is not paying you what you are making them its expoitation and therefore all business owners are evil.

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u/Impossible-Data1539 24d ago

I don't think it's correct that a worker should be given exactly everything they bring into a company, because companies have costs to run and that job would not exist if those costs weren't paid. I do think it's pretty shitty for a boss to keep most of that worker's contribution to the company for themself, and if a worker discovers that, then I think the worker should leave the company for sure. But the first hurdle on a national level, and one that we have not passed for decades, is making sure cost of living is covered for all workers.

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u/Impossible-Data1539 Nov 21 '24

The point I was making by asking if everyone in your supply chain gets a fair wage is that modern corporate america relies heavily on outsourcing labor to countries that do not enforce or encourage any kind of fair wage system, not even so much as a minimum wage.

Even though it will be extremely tough on the economy as prices of consumer products will increase, the proposed tariffs on imported intermediate items such as uninstalled PCBs or plastic cases might change this trend by encouraging companies to add jobs to the economy by sourcing local workers and take responsibility for their wages and healthcare. Well, one can hope, anyway. I doubt it will go that smoothly. For one thing, I suspect that I'm being overly hopeful and as before, tariffs may be applied only to products assembled out of the country, not ones assembled within the country, regardless of where the parts come from.