442 sats \ 3 replies \ @davidw OP 4 Feb \ parent \ on: Future of work via Bitcoin ❓ bitcoin
I think that means more employment contracts will have smaller salaries with larger amounts of profit sharing. That both insulates employers and incentivizes employees to increase profitability.
That's a really interesting perspective. I had only presumed it would just lead to shorter contracts, not greater remuneration via profit sharing (and/or shared ownership). It could definitely be a way to retain your best workers. Especially if profit sharing bonuses were distributed regularly and had a great UX (like 'prisms').
In today's unicorn businesses it feels a bit unnatural to employ that model, though for smaller startups it could work well. I just wonder how people would react to such ownership options if Bitcoin dramatically demonetises the inflated stock market.
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206 sats \ 2 replies \ @Undisciplined 4 Feb
lead to shorter contracts
Don't underestimate how much people value stable employment. I think permanent employment contracts will always be a thing.
I agree that we'll likely see more of the workforce in contractor type arrangements, rather than employee, but I don't attribute that to bitcoin. Maybe bitcoin pushes in that direction too, though.
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442 sats \ 1 reply \ @davidw OP 4 Feb
100%. We have gone from:
  • Lifetime job
  • 10 year career
  • 2 year stints
  • Gig economy & project work
It is certainly easier to extrapolate the same trend. But who is to say that Bitcoin won't actually reverse it and bring back longer-term work? Given that you may be working more and more with people that you connect deeper with. If you're being paid well also... people may not be motivated to and be constantly needing to switch roles to keep up with monetary debasement.
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206 sats \ 0 replies \ @Undisciplined 4 Feb
Exactly. That labor trend might just be another fiat distortion.
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