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submitted 1 year ago by FlyingSquid@lemmy.world to c/technology@lemmy.world

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[-] art@lemmy.world 32 points 1 year ago

It's a little dance called capitalism:

Company becomes publicly traded.
Shareholders invest in the company.
The company aims to maximize profit.
Growth eventually slows down because almost everyone who could use the company's services already does.
Shareholders expect returns on their investment.
To increase revenue, the company must either raise prices for customers or reduce operating expenses.

[-] sacredbirdman@kbin.social 14 points 1 year ago

this plus:

For many companies the majority of operating expenses are related to employees, so they will try to resist raising wages, preferably cutting them and/or firing people (also, union busting)
Product quality will suffer
They'll try to skirt regulations and lobby to overturn them
In capitalism there's no such thing as enough when it comes to ROI so we go back to 6.

this post was submitted on 06 Sep 2023

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