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Joe Swanson
How Money Works
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Comments by "Joe Swanson" (@joeswanson733) on "Companies Do Not Care About Staff Loyalty (Anymore) - How Money Works" video.
@alexphoenix9208 buying their stock is better than buying their junk crud. i don't know what kind of change i want in the world. to the everyday people it's best if ther were no large corporations and only small businesses existed where everyone did business with everyone else.
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from what i can read on research reports for every employee generates more value than their salary. for example for every dollar you're paying them they're generating back at least $1.30 and this is the entry level bottom of hte bottom. the top level folks for example for every $1.00 you pay them they're generating $5.00 for example. so you are right in the sense i don't get how any one can view employees as liabiities they're only liabilities if they cost more than what they bring in but any company would just die if that's the case. unless they're super concerned about their profit margins and that their margins have to be maintained at all costs but this tends to be for publicly traded companies and not privately held small corporations. musk and bezos are no different than the carnegies or rockefellers or jp morgans of yester century. they feel you get what you are worth. and this is in the most literal sense.
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@alexphoenix9208 now you're just flexing you know damn well I can't reply to a response like yours.
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@alexphoenix9208 well in all this time of your attempt at gloating i don't know if you realized that i was agreeing with you that companies should view their employees as assets... i mean wtf. i only brought up that point of employees being a liability if they're costing the company more than hte money they generate and that point is true if the employees aren't generating enough value than the company by all means should die. i don't think im wrong on that point.
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@alexphoenix9208 of course bezos and musk don't deserve to be paid a million times more than his line employees but unfortunately everything si all about ownership. it pays to be owners. their companies generate say 1 trillion dollars of value and if they even own 5% of that well they get a lot of money. hence why people siad dont buy nike shoes buy nike stock. don't buy tesla cars buy their stock. don't buy junk from amazon buy their stock.
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as the guy mentioned. you have so many things that can stifle wages automation globalization a large cheap labor pool migrant labor pool education inflation removing your currency from the gold standard etc so basically you can only keep paying someone more if demand > supply.
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