> Profit is not a sin.

What work do shareholders actually do within the confines of the company?

If you gave a poor unemployed person the investment capital that shareholders have, then from the company's perspective, how do you distinguish them from other shareholders?

That was the parent poster's point.

> Tech treats its workers better than practically any other industry, and there's never been an industry with fewer barriers to industry.

Instead of economic or physical barriers, we have hordes toxic personalities that try to gatekeep people. It's not all sunshine and roses.

> Instead of economic or physical barriers, we have hordes toxic personalities that try to gatekeep people. It's not all sunshine and roses.

I’m skeptical that these are uniquely tech problems; I suspect they occur in relatively even proportion in other industries, but other industries have bigger problems that tech largely doesn’t have, and so they aren’t preoccupied with “toxic personalities”. In particular, the “tech is terrible” proponents need to explain why tech selects for toxic people more than other industries, and so far all such explanations depend on (toxic) stereotypes of whites, Asians, men, and people interested in technology (“nerds”).

Here's my take on that: A marginal amount of gatekeeping is necessary for any group to maintain its group identity. The toxicity comes from the overdose, not the act itself.

A lot of "nerds" have personal insecurities and downtime. The potent mix of the two leads to more gatekeeping behavior than is necessary.

It's for this reason that many people (especially women, PoC, etc.) will be hostilely quizzed when they express an interest in something nerdy. It's not overt racism/sexism, so much as a "oh no, if they share my interests, I'm less special" sort of reaction.

Unfortunately, nerdiness doesn't strongly correlate with emotional maturity.

But things don't have to be this way. We all have the choice of what kind of person we want to be. Some people just choose very poorly-- short-sighted selfishness that hurts them long-term and everyone else at all times.

There are a lot of "nerdy" individuals who choose better. I'm happy to know of at least 100 in my industry.

You're employing precisely the stereotypes that weberc2 mentions in his comment. You've presented no evidence. You've only invited readers to indulge their animus against your disfavored groups. This kind of rhetoric is unacceptable in other areas of society and it ought to be unacceptable here.

I don’t know why this is downvoted; this is exactly correct. These were the stereotypes I was referring to, employed without irony.

Lots of HN power users use the downvote button to defend the indefensible.

They put their hard earned and taxed money into a company to produce something. To build a nail factory you need workers, but you also need the plant; who pays for the plant? Not the workers. Without one of the components, there is no nail plant, you have either unemployed people or an empty building.

This is btw the smartest comment here. The key to economic stability and social progress is the balance of the return on capital to the return on work.

> Profit is not a sin.

Agree 100%, but it can certainly be argued that letting members of your community die on the streets is.

> Profit is not a sin

not necessarily.... it really depends on your (many times religious) world view [1]

[1] http://www.lulu.com/shop/skip-worden/gods-gold/paperback/pro...

The problem with your argument is that you only know capitalism and communism and act like it's the end all of all economic ideas anyone could ever have.

What societal benefit does profit have? Is there a difference between profit put into research and profit put into dividends? What do you think benefits humanity more? High stock prices? High wages?

You talk about the lessons of the 20th century. You mean the golden times, when a single earner in a car factory could feed a family? When minimum wage had more buying power than today? When more people were unionized? Or do you mean the lessons we learned in the 21st century? When an unleashed financial industry crashed the economy?

In today's economy the shareholder of a successful company can earn more in dividends than the workers who produce the wealth in wages. This is the issue. ROI on capital is higher than on work. Model the system, feed in this number and you will see it's unstable.

Disastrous consequences? Take a look at the US healthcare system - congrats for not having any socialism - you pay double than anyone else and have lower life expectancy. Awesome system.