6 Comments

That's a good piece, managed to scare me.

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Dec 10, 2021Liked by Rohit Krishnan

I don't want to sound too "communist" here, but isn't it impossible to run a shareholder corporation without some extent of employees acting like APIs ?

People with complex functions can easily jump to "hmh, I and my team could be doing this all on our own... why exactly are we giving other people a x0%" cut? This does not happen if jobs are swappable enough. Too many people would have to coordinate, and even if they did, you lose a 1-month severance package and are off to hire new ones.

Most professions that you mention (doctors, laws, accountants) seemed to do solo work until not long ago, and it seems like the recent increase in dissatisfaction correlates somewhat with a move towards corporations, which have other advantages that can compensate for sub-optimal work (e.g. is it more important for long-term success that a hospital has good outcomes or that it has good advertising and the ability to accept a lot of different insurances?)

However, a summary look at private vs public market value would contradict this, given that the former is increasing and is somewhat of a proxy for "workers owning their company" (as in, in most cases, it isn't, but it's more prevalent than in public companies)

Bank managers seem like an example that contradicts this though.

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Recently, I picked up some passport forms from the Post Office. I wonder whether anyone still knows why the forms are invalidated if one doesn't use a black biro...

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