Comments by "looseycanon" (@looseycanon) on "Elon Musk's complaint says the quiet part out loud" video.
-
Louis, you don't understand it. Why are there people, who do nothing, hell even sabotage companies, and remain on payroll even at absolutely unimaginable salaries to most? It's simple. Another company doing the same shit could take customers away, causing loss of revenue greater than their collective salaries.
Is that a problem as to limiting market and innovation? Yes, is that a bad thing? Not really... It depends market to market. Not to mention, that innovation is not always actual innovation. Cases like Elisabeth Holmes or Hyperloop are excellent examples, where "innovation", had already eaten huge amounts of money, not just from tax payers, that could have been routed to more effective, already existing solutions to actual or soon to be manifesting problems, such as coming electricity scarcity caused by inevitable phasing out of coal power plants due to perceived danger of climate crisis, which need replacing by nuclear plants, given similarities of output of these power generating methods and irresponsible drive towards electric mobility, which will put extreme strain on the grid. The problem with more people going out "innovating", means there are many more snake oil salesmen among genuine innovators and it's those snake oil salesmen, who manage to capture the most of the crowd. Not to mention, that innovation for innovations sake is also not good universally. Just look at differences in GUI between Windows 10 and 11. Does moving the start menu to the center of the bar improve efficiency when working with the machine, or simply confuse current users, who had been accustomed to start menu being in the lower left corner since Windows 95, some thirty years ago? Cause that's being sold as innovation too! Is it innovation, that user replaceable batteries were removed in favor of internal ones, for which you need precision tools to replace, not to mention replace on the fly? Is it innovation, to tie everything to the cloud, where local instance is possible, be it self hosting key software or completely contained instance? Does it make sense, to buy newer locomotive, that can run 230 KM/h and tow more, when everywhere you send it, track maximum speed is 160 KM/h and an older model with that top speed is significantly cheaper can already tow train, that completely fills longest tracks in marshaling yards in the country/on the continent? Is it really innovation for a farm, buying a tractor with better miles per gallon, that they can't fix them selves and have to rely on expensive authorized service center? Or is it innovation, buying robotic combines, when a man has to monitor, where the combine is going and, though in rare cases, use remote control to correct the combines heading? Is it innovation to go electric cars, when you're still burning coal to make electricity? Isn't that just steam power with extra steps? Well, given approach of companies, such as Microsoft or John Deer, that is innovation, but do we have higher value in the products they sell out of these innovation? I'd argue not, but their revenues sure seem to indicate they do... And now imagine some 20% of US workforce "innovating" to get by. How many rent-seeking and downright fraudulent "innovations" will there be on the market, that is hard to navigate as is? Odds are, companies would end up buying these "get money out of peoples pockets" "innovations", and we'd be left with worse than before we started. Innovation, so that you provide better value to your customers has been gone for some twenty years Louis, now it's all about building recurring income.
And look at it from employee's point of view. There is an agreement between employee and employer, that certain type of work will be provided at certain salary paid on date X at purchasing power Y. Why would an employee do work of other roles in the company, when he/she doesn't get extra real value compensation from it? And why should that employee have to be exposed to risk of losing his/her job, when the job he/she agreed to do is being done to objectively satisfactory levels, as outlined in the contract/agreed upon?
The answer, is neither should make change, because that's how both parties should be satisfied, per terms of contract.
1