I don't understand this expectation that employees work more, and stigma if you go home on time, yet we don't have a corresponding stigma for when the amount of money that reaches my account is "only" what we agreed my salary would be.
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As employees realize they’re getting a bad deal and that they can find a better ratio of pay to hours worked at other companies, they leave.
If I'm an employee with miniscule equity, why would I put in any more time and effort than what was agreed?
Individual employees are far more numerous (therefore harder to coordinate) and have way shallower pockets than companies, so the negotiation power is always going to be lopsided.
What happened with that litigation is it got shut down and those companies pay some of the highest compensation now.
One of the few jobs you can get that pays that much compensation with fewer educational requirements and better hours than alternatives in that compensation range (surgeon, specialist doctors, lawyers at demanding firms)
I don’t think that’s a great example for your point since by comparison FAANG employees have some of the best pay you can find in an attainable job for someone with a 4 year degree and the demands are lower than many of the similarly paid jobs that require a lot more education.
If so, then yes you should only work those hours.
However, if you’re a typical full-time employee in most countries you don’t have agreed upon hours.
> If I'm an employee with miniscule equity, why would I put in any more time and effort than what was agreed?
Again, if something was agreed upon you should follow that. In most full-time jobs they’re not going to specify a maximum number of working hours. It’s your job to explain what can be done in a workweek and push back when something can’t be done. If it persists and you don’t like it then you find another job. Vote with your feet.
Or possibly the incentives that led to this are still in place, and the current judicial climate is way more lenient towards big companies. Who's to say?
In most countries there are labor laws which specify fulltime working week as 35-42.5 hours.
Any time more than that should be logged in as overtime and compensated properly.
If it’s a great company, people will work extra hours to move ahead, knowing it will pay off in their careers. “Great company” is always relative to the individual and where they are in their careers.
As people mature in their careers, they split off into “people with equity who continue to work hard for it” and “people without equity who have a good work/life balance”.
But as long as there’s the promise of a life-changing development, people will (sometimes rationally) work outside of their agreed hours.