This is one of the few industries that consistently and continuously posts record profits while also firing everyone who put in the work to make the success possible.

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[–] [email protected] 11 points 1 year ago (1 children)

Are there any tech co-ops or 100% employee owned companies? Could be a system forward.

[–] Sanctus 6 points 1 year ago (2 children)

I'm sure there are. But, at least in the states, many tech people are also right-leaning libertarians. Co-ops are unpopular with them because they want to be the kings in the castle, not equal with their peers.

[–] [email protected] 3 points 1 year ago

Co-ops are quite rare in Europe as well. I can't name a single tech co-op.

In fact I'd say it worse over here. In my experience stock options are a very rare kind of remuneration, whereas as far as I understand it's common in US Big Tech companies like Google or Apple (though of course non-voting shares are a far cry from actual co-ownership of the company).

On the other hand corporate profits are taxed pretty high in many countries (for the smaller tech companies that aren't based in Ireland). It's 30 % here in Belgium IIRC. So at least some of the profits make it back to the people, in a more general sense.

[–] [email protected] 2 points 1 year ago

Makes sense I guess. Thanks for elaborating.