this post was submitted on 14 Sep 2023
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Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

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"average top CEO compensation was $15.6 million in 2021, up 9.8% since 2020. In 2021, the ratio of CEO-to-typical-worker compensation was 399-to-1 under the realized measure of CEO pay; that is up from 366-to-1 in 2020 and a big increase from 20-to-1 in 1965 and 59-to-1 in 1989"

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[โ€“] Ethalis@jlai.lu 14 points 1 year ago (1 children)

A company that makes a 0$ profit and 0$ loss should be considered a successful one. Such a company would manage to pay all its costs (including wages, r&d, etc.) and function at peak efficiency.

I disagree. Some profit is good. It allows you to keep a coffer so you can keep afloat in bad years, as well as to buy back stocks for the employees. Once employee owned any profit can be voted on to either be added to budgets or distributed out amongst the employees.