“And the falling profits would tank your 401k so you’ll have to work till you croak.”
I did a back-of-the-napkin calculation some time ago, dividing the net profit of a a well known American company amongst its workers, equally, instead of distributing it to its shareholders. It appeared that the workers would have been able to save for quite the pension. Mind you that wasn’t a high-margin tech company.
Gotta complete the argument:
“And the falling profits would tank your 401k so you’ll have to work till you croak.”
I did a back-of-the-napkin calculation some time ago, dividing the net profit of a a well known American company amongst its workers, equally, instead of distributing it to its shareholders. It appeared that the workers would have been able to save for quite the pension. Mind you that wasn’t a high-margin tech company.