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A comment on Who Pays the Price for Selling $10 Bills for $5?. Parent comment

Re:Who Pays the Price for Selling $10 Bills for $5? by i_am_proteus on Friday April 05, 2019 @08:29AM (#19581829)
Because workers often stake their livelihoods on a single source of income. This is perilous enough when the source of income is result of them making contributions to the economy at the actual market rate.

But there is nothing "market rate" about rank-and-file work for a company that's pouring gasoline on VC money and setting it ablaze. If demand for your labor is only due to artificially low prices, that demand will evaporate once growth targets are met.

See also: existing business that was disrupted. If the new service is not actually more efficient and was only able to undercut existing players on price because of VC money, there are no real long-term winners on the ground. Sure, maybe some founders, early employees, and investors net a tidy profit, but that profit isn't based on an actual economic contribution if the product isn't viable after the VC spigot gets turned off

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Re:Who Pays the Price for Selling $10 Bills for $5? by scarface74 on Friday April 05, 2019 @08:55AM (#19582015)
Are you just referring to gig economy workers or white collar workers who are also getting six figure incomes based on VC money? How much less would even profitable companies have to pay for white collar workers if they didn’t have to compete with VC funded startups and there were bunch of people out of work because VC funding dried up?
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