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by steveBK123 810 days ago
Agreed re: entrepreneurship.

There is a problem with modern employment if you do not have an upside tether like pnl, profit share, equity, commissions, etc.

That is because all jobs have implicit downside tethers. If things go wrong for the company you can be fired, and if you get a cash bonus then they can also reduce your compensation by slashing bonuses after you do the work.

I've had jobs like this where you get worked dumped on you left & right. Literally doing multiple jobs as others leave, with managers unable to articulate priorities or what can be dropped because everything is important. Meanwhile knowing max raise is gonna be 5% with a random chance your total comp is flat or even down if the company has a bad year. The promotion path is slow and you are 2-3 years out from the next level.

It leaves the employee with a feeling of powerlessness and lack of control. Highly demotivating.