That’s called “appropriating the surplus value of labor”
Comment on CEO of Palantir Says AI Means You’ll Have to Work With Your Hands Like a Peasant
BarneyPiccolo@lemmy.today 3 weeks agoThey don’t even dream it up any more. They hire brains, sift through their ideas, and say “I like that. Do that.”
After that, they are experts in manipulating finances to makes their companies rich, and themselves richer, by paying the people who actually do the work, make the money, and create the shareholder value, as little as possible.
wonderingwanderer@sopuli.xyz 3 weeks ago
BarneyPiccolo@lemmy.today 3 weeks ago
I like that, explains the situation succinctly.
wonderingwanderer@sopuli.xyz 3 weeks ago
I can’t take credit for it. I believed the man who coined the term was named Carl something.
Or maybe he spelled his name with a K… Karl, Marquis? Marcus? Marquette? Something like that…
5too@lemmy.world 3 weeks ago
At this point, I question whether they’re even experts in that kind of finance, or if they’re just connected to each other well enough, and have a few willing experts in hand, to maintain their position.
I honestly think the only thing most of them have going for them is that it’s their name on the accounts.