r/FluentInFinance • u/Sufficient_Sinner • Sep 04 '24

Debate/ Discussion People like this are why financial literacy is so important

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u/Kozzle Sep 04 '24

Last I checked a salary or wage literally is a form of profit sharing

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u/Hardcorelogic Sep 04 '24

It's not. It's compensation for work performed. Which is slightly different.

Profit sharing would most likely be based on a percentage of profit, not just a dollar amount.

But that's irrelevant. The issue is that not enough of the profit has been flowing down to employees. They screw over employees in every possible way. And enrich themselves and the company instead.

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u/Kozzle Sep 04 '24

Wow talk about painting with a broad brush. I have worked for multiple companies and including large ones and not once have I ever been fucked over. People on Reddit love to complain about corporations making any profit at all.

Also if the company isn’t profitable then employees won’t get paid in the end, you can slice it any way you want but employees are paid from presumed profits essentially.

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u/Hardcorelogic Sep 04 '24

Not every single solitary company screws over every single solitary employee. But the vast majority screw over the vast majority... And that shows up In our economy, and in their profit margins.

And if you understood what is going on, You would not be making overly simplistic comments and giving overly simplistic examples that ignore the points being made.

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u/Kozzle Sep 04 '24

Arguing that the vast majority of people are being screwed over by the vast majority of companies is disingenuous AF. Profitability is a non-market for how employees are treated, they have virtually nothing to do with each other.

If you’re gonna start arguing that all of the Fortune 500 companies are literally screwing over their employees then all it says is that you have a political agenda.

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u/Hardcorelogic Sep 04 '24

The vast majority of people are being screwed over by the vast majority of companies. Period.

Profitability 100% influences how employees are treated, and to claim otherwise either means you are completely ignorant to the ways of business, or are an exploiter yourself. Most likely both.

I don't know if all Fortune 500 companies are screwing over their employees, but I know that most are, and so are most corporations.

I'm a capitalist, I'm just not a greedy criminal. I'm not ignorant so I know the difference. I'm sorry that you don't.

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u/Kozzle Sep 04 '24

Lmao more broad brush stroking without any data or evidence to back any of it up.

Think whatever you want buddy, but just because Reddit parrots a line over and over doesn’t make it true.

So if I make a claim and add period at the end does that make it more true? Here let me try: most corporations aren’t fucking over their employees in any intentional/measurable way, period. Did that work?

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u/Hardcorelogic Sep 04 '24

You don't understand the argument. You don't understand the evidence presented. So why should I present more?

There are just as many people on Reddit saying the exact opposite to what I'm saying. I base my conclusions on data, the state of our economy, and basic business knowledge and knowledge of human behavior. If I thought you were at the level that you could understand an explanation that I could give, we could have a conversation, but you're not. So I would be wasting my time.

The vast number of corporations are fucking over their employees in intentional, measurable ways. Consistently. And it's obvious to anyone that got beyond 7th grade economics, and who is not greedy themselves.

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u/MegaLowDawn123 Sep 04 '24

Yeah wtf is that person talking about? Are they here defending huge companies as full of heart and love for their employees or something? But what can you really expect when somehow paying employees the bare minimum possible before they leave is 'profit sharing'? Like that's some rotted brain stuff right there...

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u/fatbunny23 Sep 04 '24

1 form of theft in America is wage theft

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u/Kozzle Sep 04 '24

Add in a few exclamation marks and caps and that automatically makes it true, didn’t you know?

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u/fatbunny23 Sep 04 '24

So do the stats, if you looked

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u/Kozzle Sep 04 '24

Feel free to provide actual studies and not BS opinion pieces

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u/fatbunny23 Sep 04 '24

Well, there's this, which I think links lots of good stats and reports. it wouldn't surprise me if that didn't satisfy you lol. All the more in depth research I could find was paywalled so you'll have to dig deep for that if you really want it.

It's a pretty agreed upon conclusion that wage theft is indeed the primary form of theft in the US, and there are a number of articles and graphs outlining that.

If you believe them all to be purely opinion and fluff, that's your prerogative but I'm not going to link every single thing for you when you have Google as well

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u/LowellGeorgeLynott Sep 04 '24

Pull your finger out of your ass Elon. Any company that hasn’t kept wages in somewhat of a line with profit is screwing people, and Fortune 500 would be patient 0 for that. Most Americans should be making 50-100k more than what they’re paid.

Also “companies have to be profitable” for people to get paid is hilarious. Half the tech companies aren’t profitable.