Daily Shaarli
June 29, 2020
it’s easy to see “where the money went:” It never existed in the first place. If my stock had a quoted price of $100 on an exchange, and that price fell to $75 per share, that means the forecast of the present value of future earnings for that company fell. The stock is a claim on the future stream of profits; the estimated value of the stream fell because of new taxes, new regulations, changes in consumer preferences, or the invention of a new competing product.
“Managers should provide employees working in demanding jobs more control, and in jobs where it is unfeasible to do so, a commensurate reduction in demands. For example, allowing employees to set their own goals or decide how to do their work, or reducing employees’ work hours, could improve health,” Gonzalez-Mulé says.
Former NSA contractor and whistleblower Edward Snowden says that tech workers need to think long and hard about how their labor is used by companies to amass power, surveil people, and fundamentally change society, and need to think about whether it is ethical to work at tech companies at all.