
Lemmy Shitpost
Welcome to Lemmy Shitpost. Here you can shitpost to your hearts content.
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Also check out:
Partnered Communities:
1.Memes
10.LinuxMemes (Linux themed memes)
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All communities included on the sidebar are to be made in compliance with the instance rules. Striker
You criticize society, yet you live in it. Hypocrisy much? Chekmate liberal
That's propaganda of the deed. Not all leftists are anarchists.
I did some 'back of the napkin' math a few days ago to see what it would take for the employees in my company to purchase enough shares for a controlling stake in the company. I figured that we'd never get 100% of the employees to buy in, but we also don't need 100% of the shares, so to keep it easy I calculated if 60% bought 60% of the shares... and it would cost each employee around $2.3 million.
That tells me that each employee provides $2.3 million worth of value to the company... and we're not getting paid anywhere near that. Not even close.
Company value is just the result of shareholders expectations for the future company value. It doesn't directly reflect the employees worth
Why is this highly upvoted? This is just a poor understanding of economics.
The market cap just shows the aggregate value of shares that are being publicly traded. It has nothing to do with labor value. You can't derive labor value from the market cap because there's no correlation. If you want to find out how much each employee contributes, you would have to use something like company revenue.
So get to shitposting!
Market cap doesnt reflect the value of labor, its purely speculative these days.
You should subtract initial investments in the company, value of real estate owned, value of machines etc.
this is interesting to me. can you show your work? Id be interested in going through the thought experiment as well.
Market cap is around $141 billion.
Number of employees is around 60,000.
60% of employees: 36,000.
60% of market cap: $84 billion.
$84B / 36,000 = $2.33 million.
gotcha. What about assets? Im not an accounting person, but we routinely buy tooling for hundreds of thousands of dollars. Raw materials have costs/value associated with them. How would that figure in?
Those are operating costs, I'm referring to control of the board of directors.
If you want to compare it to salaries, I think you would need to do the year-over-year change. But even that wouldn't factor in all the bloated C-suite bonuses and such, so I feel like the calculations would end up being much more complex.
For instance, if you work somewhere for 23 years making on average $100,000 per year, you'll have received about $2.3 million from that company over time. If that company's market cap increases by $2.3 million per employee in that course of time, then you would be about even by your metric.
Here's a site that calculates basically how much you're being exploited in a company. It's mostly for American stock exchanges, but if you can find the financial reports of your company you can apply the same method (it's nicely described).
The top comment doesn't really work, because even if workers pooled the money together, shareholders or execs might refuse to sell their shares if they are expecting it to grow and pay them out more in the future. Buying up companies to turn into coops doesn't work (except for failing/bankrupt companies), because it takes capital to do that, which workers don't have by definition.
Do the bare minimum to avoid getting fired.
Actively sabotage your employer.
why are you doing the bare minimum?! you’re so lazy!
bruh I’m doing literally only what the job asked, unless you pay me more, I’m not doing more
I never understood why we're stuck with just capitalism or communism, two economic systems developed before railroads were a thing and written down at night by candle light or a lantern burning whale fat. I think we should come up with something better. To quote President Not Sure, "The water doesn't have to come from the toilet, but that's the general idea."
"It's socialism or barbarism!". It's because there hasn't been any other convincing arguments otherwise. If you give the capitalists an inch, they'll eventually take it all. You cannot allow capital to accumulate to the degree that it wields real political power.
Railways were a thing when communism was developing during Marx's times and Lenin wrote extensively about railways. Their analysis is still very valid, and if anything, planning has become more feasible than 100 years ago thanks to computers. There are some modern proposals, but they are still very much based on socialism, since capitalism can only lead us to ruin.
Everyone who advocates for a "third way" always just ends up advocating for capitalism.
This but I’m self employed 😭
😂
commenting on shitposts at work until my value matches my pay 🫡
There's literally a running joke where I work called the "Union Shit". You run to the bathroom to take a 15 - 20 minute shit between your breaks.
Whether or not you're actually shitting or just shitposting is between you and those walls lol
In Germany, you're having a "Sitzung" which is the word for a conference meeting, but literally just means "sitting".
When you return to your desk, coworkers will ask if the "meeting" was productive.
It roughly means "session", which also derives from sitting.
Remember, people, the economy depends on you. It is important to be responsible, and to #ActYourWage
I thought shitposting at work increased my value.
shitpost until AI can replace you by doing an equivalent job is a dicey proposition.
The techlords told me when AI replaces my job I can just be on the beach with full pay.
And they're billionaires so they must be smart.
Communism is just as easy of an answer as fascism. Just a different direction.
No. You're wrong.
I'm from Spain, we had fascism for 40 years. We had no public education for everyone, no free healthcare for everyone, no guaranteed employment, no right to unionize, no pensions, no guaranteed housing, university was only for the rich families, farm workers were exploited by the landowners, there was immense racism and ethnonationalism as state policy, and other cultures and languages (see Basque and Catalan) were forbidden and repressed.
Communism is literally antithetical to fascism, it provides universal free healthcare, universal pensions, guaranteed right to employment, guaranteed housing at affordable prices, universal free education to the highest level, respect for local cultures and languages, socialist internationalism as opposed to ethnonationalism, highest unionization rates, redistribution of the farmlands... This is the reason why the first thing fascists do is murdering all communists, anarchists and socialists
I suggest you read more on what fascism actually was, and what communism has historically actually been.