While I’m as pro Union as they come, I do not personally believe Labor Is Entitled To All It Creates, there’s a place for Entrepreneurial, Investment, Ownership and Management cut outs, but I believe these percentages should be strictly monitored and regulated. Thanks for coming to my TED talk.
Management should be considered a part of labor in this regard. Intellectual labor is labor and a situation in which management is beholden to those they lead but seen as part of it is where I’d consider ideal. It could be a situation like union stewards where they’re elected from the rank and file or a situation where they seek out someone with the specific skills they’re looking for in the same way they might hire a maintenance worker.
I do think there’s room for a limited reward for entrepreneurial and investment costs, but the idea that they have control in perpetuity is where I have issues. I think a situation where they’re automatically bought out for a reasonable return on investment given the risk is fair enough. Though I worry it will perpetuate the issue of wealth begetting wealth
Management is certainly a kind of labour and even a valuable one. A good manager can ensure the efficient operation of a whole organization, and a bad one can waste the efforts of whole teams and sink entire departments. No one is arguing managers and executives shouldn’t be justly compensated for their labour.
The problem comes when the compensation becomes detached from the labour. When a business produces a surplus and instead of that surplus going to the workers who produced the surplus, it goes to the investors.
Often these investors perhaps put some money into the business many years or even generations earlier, and yet are still entitled to receive cheques every quarter despite not having any role to play in producing that quarter’s surplus. How is that just?
While I’m as pro Union as they come, I do not personally believe Labor Is Entitled To All It Creates, there’s a place for Entrepreneurial, Investment, Ownership and Management cut outs, but I believe these percentages should be strictly monitored and regulated. Thanks for coming to my TED talk.
By labor.
Worker coops for everyone!
Management is either labor, or entirely parasitic.
Management should be considered a part of labor in this regard. Intellectual labor is labor and a situation in which management is beholden to those they lead but seen as part of it is where I’d consider ideal. It could be a situation like union stewards where they’re elected from the rank and file or a situation where they seek out someone with the specific skills they’re looking for in the same way they might hire a maintenance worker.
I do think there’s room for a limited reward for entrepreneurial and investment costs, but the idea that they have control in perpetuity is where I have issues. I think a situation where they’re automatically bought out for a reasonable return on investment given the risk is fair enough. Though I worry it will perpetuate the issue of wealth begetting wealth
Management is certainly a kind of labour and even a valuable one. A good manager can ensure the efficient operation of a whole organization, and a bad one can waste the efforts of whole teams and sink entire departments. No one is arguing managers and executives shouldn’t be justly compensated for their labour.
The problem comes when the compensation becomes detached from the labour. When a business produces a surplus and instead of that surplus going to the workers who produced the surplus, it goes to the investors.
Often these investors perhaps put some money into the business many years or even generations earlier, and yet are still entitled to receive cheques every quarter despite not having any role to play in producing that quarter’s surplus. How is that just?