We have socialised the risk of innovation but privatised the rewards

Re:We have socialised the risk of innovation but privatised ... by gcb0 on Sunday March 08, 2015 @10:25PM (#9168613)

i use that exact same phrase every time anyone tries to include me on a discussion about tipping. (and then promptly leave said discussion)

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Re:We have socialised the risk of innovation but privatised ... by cwyers on Sunday March 08, 2015 @10:42PM (#9168665)

It seems... far less obvious to me what that means in the context of tipping than it does when the author uses it.

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Re:We have socialised the risk of innovation but privatised ... by jordonwii on Sunday March 08, 2015 @10:41PM (#9168661)

Care to elaborate? I don't quite follow.

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Re:We have socialised the risk of innovation but privatised ... by gcb0 on Wednesday March 11, 2015 @03:00AM (#9182926)

restaurant owner pass the same risk of failure to the servers (no client, no sales, no food on your plate end of month) in exchange of no extra benefit (if restaurant goes really well, they will probably have to add more servers, keeping the larger profit for owner, but cutting your tips in half, hence, server has no benefit if restaurant is an overnight success)

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