Ask Lemmy
A Fediverse community for open-ended, thought provoking questions
Please don't post about US Politics.
Rules: (interactive)
1) Be nice and; have fun
Doxxing, trolling, sealioning, racism, and toxicity are not welcomed in AskLemmy. Remember what your mother said: if you can't say something nice, don't say anything at all. In addition, the site-wide Lemmy.world terms of service also apply here. Please familiarize yourself with them
2) All posts must end with a '?'
This is sort of like Jeopardy. Please phrase all post titles in the form of a proper question ending with ?
3) No spam
Please do not flood the community with nonsense. Actual suspected spammers will be banned on site. No astroturfing.
4) NSFW is okay, within reason
Just remember to tag posts with either a content warning or a [NSFW] tag. Overtly sexual posts are not allowed, please direct them to either !asklemmyafterdark@lemmy.world or !asklemmynsfw@lemmynsfw.com.
NSFW comments should be restricted to posts tagged [NSFW].
5) This is not a support community.
It is not a place for 'how do I?', type questions.
If you have any questions regarding the site itself or would like to report a community, please direct them to Lemmy.world Support or email info@lemmy.world. For other questions check our partnered communities list, or use the search function.
Reminder: The terms of service apply here too.
Partnered Communities:
Logo design credit goes to: tubbadu
view the rest of the comments
TL;DR Impossible, you can't just split all the money among the employees.
If you want to be fair in this you need to include all the expenses any business has and also reduce that by some multiple, no business can spend all it makes and survive for long.
Businesses have the same risks and problems as people do, with ironically, additional problems and risks brought on by the people themselves, such as embezzlement and theft.
You have to include or calculate for holding back profits to stay in the bank to get the company through a recession, natural disasters, or unforeseen circumstances on the downside, or to buy new production facilities and equipment on the upside.
There is almost always debt service on real estate or existing equipment.
There are lots of costs any business has and must provide for such as defending against frivolous lawsuits, patent trolls, and grifters, as well as the usual ones such as advertising, complying with government regulations, taxes.
For retail and manufacturing, supplies and enough inventory takes up a lot of capital and also financing to make it work.
This is such a non-argument. Of course a business needs to take care of its expenses to survive, and then some. The question is how to appropriately distribute the budget for worker's pay.
No CEO can work 300x as hard as the other workers.
No, but they might be able to produce 300x the value.
I doubt that.
Sure, and then how do we split the amount of profit available for salaries equitably?
I've tried to say that employee wages aren't anything close to what one sees on their paycheck. And been buried for it.
Unemployment insurance, worker's comp insurance, taxes, benefits (even if minor), all adds up to roughly double one's hourly rate.
Lemmy: "Fuck you! BILLIONAIRES!"
Fine smart ass. Go start and run a business. Be my guest.