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I believe this is incorrect even from the simple economic perspective. Many companies (BigTech for example) are extremely net-positive financially. This means
by oxmane 5y ago
I believe this is incorrect even from the simple economic perspective.
Many companies (BigTech for example) are extremely net-positive financially. This means that the value they gain per employee is much higher than what they pay them.
Taking this further - the customers in many cases (and certainly in ideal cases) are getting more value than the price they are paying (hence they agree to pay), so in a sense you could argue that the value is actually even larger. This of course scales several times when working on some infrastructure (though the effect is very not obvious).
- aaron695 5y agoIf you are sitting in a cafe in Holland with a lot of people and someone runs over and says I'll pay you $10,000 to come and stick your finger in a dyke. And you do. Did you just save the city and the billions? Is that more meaningful and contributes more economically than someone who uses their rescue skills and saves a drowning stoned university student while walking home alone.