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by wegs
2099 days ago
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Capitalist markets, even when thinking through the long term, don't work like that. A lot of costs of messing with employees are externalized. If I lay off my workforce after a product ships, issue stock options worth 10 cents, or otherwise, the result is a lack of trust in tech management as a whole. The direct blowback on the individual company is pretty small. Would you ever find out if a manager you were interviewing with had done that? Or a startup? The US was more efficient when companies treated employees better, and when companies were like a community who took care of each other. But, as an individual manager, and even more so as a company, I come out ahead if I treat employees more aggressively. Better transparency would help. If employees could see company financials, it would solve a world of hurts. The information asymmetry is a lot of what leads to inefficient markets here. |
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