• ArbitraryValue@sh.itjust.worksEnglish
    0·
    14 days ago

    If you want to work for equity rather than salary, like many people who ended up billionaires did, you can look for an early-stage startup but that has serious downsides and isn’t a good idea for most people.

  • RememberTheApollo_@lemmy.world
    0·
    14 days ago

    …and:

    • Enshittify things

    • Cut benefits

    • Raise benefit costs

    • Unbundle things to charge you more

    • Add “convenient” fees

    • Subscriptions for everything, even your car’s built in features

    • Make you work longer, off the clock, at home, on weekends, with fewer staff to do the job

    • Pressure you into not taking time off

    • Understaffing, perpetually

    • Replace humans with AI

    • Hope you die quick when you lose your job because you got a debilitating illness and no longer have the insurance you spent years or decades paying into

    • Donate billions to politicians that will slash corporate and rich people taxes, and cut government services, so that everything from public education to your wait times at the DMV gets worse

  • thejml@sh.itjust.works
    0·
    14 days ago

    Honestly, that’s not really accurate. I mean, yes, they’re making more off you than you make and yes they aren’t paying you what they should. But if there’s a thousand employees in a company and they are all, on average, getting short changed by $50k a year, thats only $50M. They are definitely taking advantage of you in MANY ways… You can do the math, but thats not how you get to be a bezos or musk level multi-billionaire.

    You get there by gambling and controlling a market… Stocks and equity, backroom dealing, boardroom takeovers, pump and dump, creative leveraged buyouts, market manipulation, speculative investments, insider trading, foreign investment, buying off government workers, lobbying, using slave labor, and not paying taxes (sometimes even legally but really obfuscated).

    There’s under paying salaries and then there’s being the top tier shitty humans these people are.

    • LePoisson@lemmy.world
      0·
      14 days ago

      Yeah, I mean that’s the whole excess labor value theory of Marxist thought, right?

      It’s not just outright wage theft - it’s that your labor is being used to create additional value above what you’re paid and that is what’s making the borgeousie rich. Obviously this is dumbed down to a sentence and this isn’t me disagreeing just adding add’l context for other readers.

      We definitely get screwed so so sooo many ways on the whole of it by the 1% capitalist class.

    • zippy@ani.socialEnglish
      0·
      14 days ago

      You can do the math, but thats not how you get to be a bezos or musk level multi-billionaire.

      Maybe not by itself, but I bet it helps.

  • jtrek@startrek.website
    0·
    14 days ago

    Imagine if wage theft was treated the same as petty theft. Some sweaty fuck looking shifty at an excel document, and then three cops kick open the door. “ON THE GROUND STOP RESISTING HE’S GOT A GUN”

    BANG BANG BANG. BANG.

    Newspapers all like “The manager was no angel…”