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Re:What3Words sends legal threat to security researcher for ... by harles on Monday May 03, 2021 @01:27AM (#27021904)
Other than small bumps to bonus multipliers, big companies don’t share higher profits with employees.
Re:What3Words sends legal threat to security researcher for ... by unityByFreedom on Monday May 03, 2021 @01:33AM (#27021935)
Of course they do. Google pays some of the highest salaries in tech because they managed to become so profitable. I'm saying long term, profitable companies who want to reinvest in themselves will pass profits on to employees because they need talent to make their products. There are certainly companies who decide not to reinvest, and simply extract profit. They become the dinosaurs.
Re:What3Words sends legal threat to security researcher for ... by Jochim on Monday May 03, 2021 @04:03AM (#27022677)
Google literally colluded with other tech companies to avoid passing on those profits to employees.
Re:What3Words sends legal threat to security researcher for ... by unityByFreedom on Thursday May 06, 2021 @05:34PM (#27069320)
That happened once they became a top-paying employer. You get there by paying high salaries.
Re:What3Words sends legal threat to security researcher for ... by r4w8173 on Monday May 03, 2021 @02:15AM (#27022158)
Do you say that at Google salaries increase with profits and are not capped by "fair amount for your location"?
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Re:What3Words sends legal threat to security researcher for ... by r4w8173 on Monday May 03, 2021 @05:00AM (#27022937)
Not sure what "alt" is. I just answer when the topic and my current focus intersects :)
Re:What3Words sends legal threat to security researcher for ... by eru on Tuesday May 04, 2021 @09:30AM (#27037353)
They most likely mean an alternate account. Like an alter ego.
Re:What3Words sends legal threat to security researcher for ... by eru on Monday May 03, 2021 @04:00AM (#27022662)
Yes, I already agree with the strict ability part.

But eg just giving companies cash would also trivially increase their ability to pay higher salaries. But obviously, that's not really something anyone advocates for.

Re:What3Words sends legal threat to security researcher for ... by unityByFreedom on Monday May 03, 2021 @09:25PM (#27033075)
> that's not really something anyone advocates for.

Right because cash comes from government which comes from taxes which come from companies' profit. Cash has value because governments put some limits on how much there is. Of course, they do end up printing some and dilute the value. They don't just hand it out willy nilly.

Re:What3Words sends legal threat to security researcher for ... by eru on Tuesday May 04, 2021 @03:40AM (#27034908)
You are right about cash.

And even if there was a windfall, eg imagine something silly like a gold meteorite just falling down on the treasury building: there are always opportunity costs to consider.

But monopoly profits aren't too different: they don't just fall from the sky either. An enforced monopoly like those granted from a patent works by restricting what other people can do.

Re:What3Words sends legal threat to security researcher for ... by eru on Monday May 03, 2021 @03:58AM (#27022647)
They do, when competition forces them to.

I guess one _can_ make some kind of argument about how adding government enforced monopolies, ie patents, increases that kind of competition. But it would have to be a somewhat sophisticated one.

Re:What3Words sends legal threat to security researcher for ... by unityByFreedom on Monday May 03, 2021 @08:07AM (#27024032)
That's right, it's a temporarily granted monopoly in return for publishing the tech. The argument isn't so sophisticated.
Re:What3Words sends legal threat to security researcher for ... by eru on Tuesday May 04, 2021 @03:43AM (#27034930)
Problem is that it doesn't really work.

Most patents are written in such a way to be maximally defendable/enforceable in court, and minimally useful for reproduction. Often you need to pair them with lots of trade secrets to get anything to work.

The other common argument in favour of patents is that they reward innovation. And that might or might not be an argument that actually works. Patents certainly also hinder innovation, so it's an empirical question which effect dominates, and whether any net beneficial effect is big enough to overcome our basic economic presumption against encouraging monopolies.

Re:What3Words sends legal threat to security researcher for ... by unityByFreedom on Tuesday May 04, 2021 @07:09AM (#27036250)
Patents do not hinder innovation. Without them, the richest companies would steal every new idea that showed promise.
Re:What3Words sends legal threat to security researcher for ... by eru on Tuesday May 04, 2021 @09:33AM (#27037379)
Why only the richest companies?

Wouldn't everyone be copying all the best ideas from everyone else? Wouldn't that be a good thing? Both in general and for innovation?

(And even if only the richest companies did this, they would still have to compete against each other's copy-cat implementations of those ideas.)

We don't necessarily have to re-hash this discussion, other people already had it, eg at https://sciencebusiness.net/news/79887/The-Great-IP-Debate%3...

In any case, whether patents help or hinder innovation is an empirical question that deserves study! Instead of just assuming that they _must_ encourage innovation, because they say so.

You can also get a start on the literature by following the sources of this Wikipedia article: https://en.wikipedia.org/wiki/Economics_and_patents#Innovati...

Re:What3Words sends legal threat to security researcher for ... by unityByFreedom on Tuesday May 04, 2021 @10:51PM (#27045628)
> Wouldn't everyone be copying all the best ideas from everyone else? Wouldn't that be a good thing? Both in general and for innovation?

No because this incentivizes copying over innovation. There is little reason to invest in R&D when anyone can copy your idea. Consider the COVID vaccines. Each cost billions in R&D. If they could be copied then a company that specializes in production could invest all its money into that and spend nothing on R&D. Eventually no one will be willing to invest in innovation until someone comes up with the idea of protecting IP again.