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by qeternity
1990 days ago
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They absolutely should. And companies/management have a fiduciary duty to give them as little as possible. This is the competition that gives rise to capitalist efficiencies. The concern from people like myself is that another word for a union is a cartel. When companies form cartels and engage in anti-competitive behavior, we penalize them severely (in theory at least...but that's another issue). Yet when labor colludes, we simply call it a union. Tech is especially interesting because the usual claims of "workers have less power individually" (which is always true in all industries) is really really not a great argument in tech. The labor market in tech is so unbelievably competitive, and the average worker has leverage that is only seen in the upper echelons of other industries. |
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This is a popular myth but if you do any research you’ll learn it’s not true. There’s no such requirement because there’s no way to reliably predict the future impact of decisions: for example, does paying “too much” for employees lower turnover and avoid them starting competitors? Skimping on maintenance, outsourcing jobs, or taking on debt will definitely “maximize” shareholder value for a little while, until the bill comes due.
Think for a minute about how you’d argue any of those points in court and you’ll understand why the real laws have significant deference to executives’ judgement. Neither side would have any trouble finding people to say their decision was best, and even after the fact there are inevitably many factors which people can point to when explaining whatever happened.