I think a lot of people undermine the competitive nature and other risks that companies have to take in its pursuit of higher profitability only looking at a few with bad practices.
For example, a company may have to spend 1 year's worth of R&D to reach a new tool that would add 10% productivity to its current workforce. What % should go to increasing employees' wage? What are the risks of competitors finding similar productivity gains and not increasing employee's wage, leading to a competitive disadvantage to your company?
When a company hits a breakthrough that adds a multiplier to a part or all of its work, society, including its employees expects it to share more of their gains. What is the right balance? Who deserves the gains and at what %?
I do believe you have some fair points on the employee's side of things and that your last paragraph really hits the nail with a key problem society faces.
For example, a company may have to spend 1 year's worth of R&D to reach a new tool that would add 10% productivity to its current workforce. What % should go to increasing employees' wage? What are the risks of competitors finding similar productivity gains and not increasing employee's wage, leading to a competitive disadvantage to your company?
When a company hits a breakthrough that adds a multiplier to a part or all of its work, society, including its employees expects it to share more of their gains. What is the right balance? Who deserves the gains and at what %?
I do believe you have some fair points on the employee's side of things and that your last paragraph really hits the nail with a key problem society faces.