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No because the marginal returns on utility to the average individual from working less is far, far, far greater than the marginal returns to utility to already
by thicknavyrain 3y ago
No because the marginal returns on utility to the average individual from working less is far, far, far greater than the marginal returns to utility to already insanely wealthy shareholders from squeezing a worker for all they're worth.
- sokoloff 3y agoIf you have a 401K, it’s very likely (and for your sake, I hope) that you’re also in the set of shareholders.
- Arelius 3y agoThat sort-of just strengthens their point then right? It seems they should then be well positioned to compare the potential outcomes.
- sokoloff 3y agoThe overwhelming majority of shareholders are anything but “insane wealthy”.
- altereds 3y agoThat is again reiterating their point that it is favorable only to the small portion of insanely wealthy shareholders and does not even favor the overwhelming majority of shareholders too who are not insanely wealthy.
- thicknavyrain 3y agoYes, that was exactly it although I should have qualified that's what I meant.
- PartiallyTyped 3y agoThe marginal returns on the individual then manifest as returns to the broader society, happier 99.99% outweighs the earnings of the billionaires in terms of societal impact and QoL improvements. But sadly, we don’t make the rules.