Comment on Nvidia is now worth $102M per employee
sonori@beehaw.org 3 months agoPlease explain to me how any of the child level explanation of the stock market is obfuscation, or again how you think the market cap, a purely theoretical number, could possibly be redistributed to employees outside of things the company already does to some extent, and finally why it applies in this case with a company who’s stock price is based purely on speculation about what it could do in the future and not anything it’s employees are currently doing.
realitista@lemm.ee 3 months ago
The value of anything is what people are willing to pay for it, full stop.
sonori@beehaw.org 3 months ago
Then by definition the employees are perfectly compensated for the value of their labor, as that labor can only be worth exactly what the company pays for it, and there is absolutely no reason why they should get any more. That’s actually one of the reasons why the value = money theory tends to be pretty rare outside of the far right libertarianism.
realitista@lemm.ee 3 months ago
Honestly I can’t argue with that. That’s the reality of the situation. But emotionally they still deserve a bigger piece of what they created.