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- Feb 16, 2020
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After thinking about it, I just do not see how hard work, and I'm being specific here, can solve inequality.
No tldr but here is summary
A Boss or Owner will NOT allow his employees to profit more than him under ANY circumstances. This is more or less a law of the universe. There are very rare occurrences such as a machinist working 80 hrs a week for a year making more than his supervisor, but in 99.999% of cases the Boss will PROFIT more in EVERY circumstance than a rank and file Employee. Because they have more than one Employee, all the Profits flow to the Boss and it is IMPOSSIBLE to solve this issue, if you consider it an issue.
Example
Walmart pays their employees an average of $27(approx.)
Walmart generates $54 in money per hour per employee. So the shareholders are collecting 50% of the money. As the shareholders are generally richer they can do things like buy apartments houses fast food locations grocery stores. Everything.
Better example a small machine shop wit. 5 employees one owner. One supervisor 4 regular employees.
The workers make $25/hr. The supervisor makes $35/hr.
The company owner will not under any circumstances let his employees make more than him- he collects say 60% of income. 40% of the money earned by the business goes to the employee (this may be even overly generous, ufc pays 17%).
Let's say each employee generates $50 of net revenue per hour worked. So with 5 employees the boss is making (250 - 25*4 - 35) = $115/hr for each hour his shop is open. Minus bills he is making let's say $75/he in profit.
Owner has say $1 million and owns a home and car. He has no bills. No rent. His mortgage is lower than his employees' rent. He can use this $75/hr to purchase his employees apartments. His employees are giving him 25% of their money in rent.
So after purchasing the apartment he is now making
25 + 75 = $100/hr in pure profit.
Meanwhile his employees are pocketing after their expenses let's say $5/hr. That would be $600 per month a pretty good savings for working class.
Under this situation the MORE the workers work the greater the gap between the Owner and his Employees. Every hour they go to work his money is increasing much faster than each of theirs is, both individually and collectively.
These numbers are made up but for any business it seems to hold true. The Owner or shareholders ALWAYS 100% of the time will get richer faster than their employees will as long as their business stays open and is profitable. Which 99% of businesses are especially small local ones. No one's gonna keep a machine shop running unless it's generating profits.
Basically I think "workism" is corporate brainwashing and the only way to reverse inequality is to start your own business and NOT work for others. Or taxes. But I do not think you can "bootstrap" your way to Equality. It's just impossible mathematically.
Change my mind
No tldr but here is summary
A Boss or Owner will NOT allow his employees to profit more than him under ANY circumstances. This is more or less a law of the universe. There are very rare occurrences such as a machinist working 80 hrs a week for a year making more than his supervisor, but in 99.999% of cases the Boss will PROFIT more in EVERY circumstance than a rank and file Employee. Because they have more than one Employee, all the Profits flow to the Boss and it is IMPOSSIBLE to solve this issue, if you consider it an issue.
Example
Walmart pays their employees an average of $27(approx.)
Walmart generates $54 in money per hour per employee. So the shareholders are collecting 50% of the money. As the shareholders are generally richer they can do things like buy apartments houses fast food locations grocery stores. Everything.
Better example a small machine shop wit. 5 employees one owner. One supervisor 4 regular employees.
The workers make $25/hr. The supervisor makes $35/hr.
The company owner will not under any circumstances let his employees make more than him- he collects say 60% of income. 40% of the money earned by the business goes to the employee (this may be even overly generous, ufc pays 17%).
Let's say each employee generates $50 of net revenue per hour worked. So with 5 employees the boss is making (250 - 25*4 - 35) = $115/hr for each hour his shop is open. Minus bills he is making let's say $75/he in profit.
Owner has say $1 million and owns a home and car. He has no bills. No rent. His mortgage is lower than his employees' rent. He can use this $75/hr to purchase his employees apartments. His employees are giving him 25% of their money in rent.
So after purchasing the apartment he is now making
25 + 75 = $100/hr in pure profit.
Meanwhile his employees are pocketing after their expenses let's say $5/hr. That would be $600 per month a pretty good savings for working class.
Under this situation the MORE the workers work the greater the gap between the Owner and his Employees. Every hour they go to work his money is increasing much faster than each of theirs is, both individually and collectively.
These numbers are made up but for any business it seems to hold true. The Owner or shareholders ALWAYS 100% of the time will get richer faster than their employees will as long as their business stays open and is profitable. Which 99% of businesses are especially small local ones. No one's gonna keep a machine shop running unless it's generating profits.
Basically I think "workism" is corporate brainwashing and the only way to reverse inequality is to start your own business and NOT work for others. Or taxes. But I do not think you can "bootstrap" your way to Equality. It's just impossible mathematically.
Change my mind