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996

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1001 points genericlemon24 | 5 comments | | HN request time: 0s | source
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stego-tech ◴[] No.45149449[source]
These times really do feel like those once-in-a-century redefinitions of work and labor, similar to how we got Child Labor Laws and 40-hour work weeks from the labor movement early last century. Intrinsically, more people are realizing that the former social contract was long ago fed into a shredder, and that the lack of a formal contract will have consequences. Technology broke down the 40-hour work week by enabling more work to be done both outside the office and after traditional working hours, drastically increasing productivity and profit while wages stagnated for decades in the face of skyrocketing costs. Now we’re racing ahead towards a breaking point between Capital cheering shit like 996 and AI job-replacement, while more humans can’t afford rent, or food, let alone education or healthcare on their burrito taxi wages.

Something will eventually have to give, if we aren’t proactive in addressing the crises before us. Last time, it took two World Wars, the military bombing miners, law enforcement assassinating union organizers, and companies stockpiling chemical weapons and machine guns before the political class finally realized things must change or all hell would break loose; I only hope we come to our senses far, far sooner this time around.

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lifeisstillgood ◴[] No.45150057[source]
We probably need to rethink how companies are structured - there are (many) companies with revenues greater than most countries but are (in theory) dictatorships with no official ability to change course if the one guy who owns the shares does not want to.

Who is the ‘demos’ in a company? Who gets a vote ? Will voting really slow things down?

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graemep ◴[] No.45150772[source]
> here are (many) companies with revenues greater than most countries

IS that true? What do you define as the revenue of a country? Tax revenues? That is just the government. GDP/GNP/GNI? That comparison for that should be profit, and only a handful of really big companies (Saudi Aramco, Apple, that sort of size) have a profit as large as the GDP of mid-size middle income countries (e.g. Sri Lanka) or small rich countries (e.g. Luxembourg). There is a long tail of small or poor countries so most countries by number, but most people live in a country with a GDP that is an order of magnitude or two greater than any company's profit.

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1. adgjlsfhk1 ◴[] No.45151859[source]
gdp is a revenue like number, not a profit like number.
replies(1): >>45152614 #
2. graemep ◴[] No.45152614[source]
It is closest to value added something most companies do not disclose but is closely related to profit but is NOTHING like revenue.
replies(1): >>45152677 #
3. adgjlsfhk1 ◴[] No.45152677[source]
no, if you trade a dollar back and forth 1000 times with a friend, you are adding $1000 to the GDP.
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4. graemep ◴[] No.45157146{3}[source]
If you pay someone a dollar, that is because they supplied you with something worth a dollar - i.e. a dollar's worth of value added to the economy.
replies(1): >>45162517 #
5. adgjlsfhk1 ◴[] No.45162517{4}[source]
right, but if an item goes through 10 different factories to be assembled the price each pays from the previous gets added to GDP.