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by jurassic
1829 days ago
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If your skill is moving boxes onto a delivery truck your work is not more useful/valuable as part of Amazon than at a small traditional company with no scalable internet components. The excess value in these companies should flow to those who took risks to set them in motion and continue leading them. Asserting this ownership premium is theft is pretty ridiculous on the face of it. Also, imagine if the guy loading trucks for Amazon did make 100x more money just because he’s connected to a high-growth internet company. The economy would be thrown into chaos because no logistics workers would be willing to do less remunerative but essential work like unloading food at the grocery store without substantial wage increases that get passed to the consumer as higher food/gas/delivery prices. Many sectors without productivity growth would get annihilated by Baumol’s cost disease, and consumers would have to spend a much larger share of their income on anything that is trucked around (which is basically everything we buy). |
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