Work Reform

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A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

All workers must be paid a living wage for their labor.
Income inequality is the main cause of lower living standards.
Workers must join together and fight back for what is rightfully theirs.
We must not be divided and conquered. Workers gain the most when they focus on unifying issues.

Our Goals

Higher wages for underpaid workers.
Better worker representation, including but not limited to unions.
Better and fewer working hours.
Stimulating a massive wave of worker organizing in the United States and beyond.
Organizing and supporting political causes and campaigns that put workers first.

founded 3 years ago

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kat_angstrom@lemmy.world

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The rich passing our money back & forth (lemmy.today)

submitted 2 days ago by sanitation@lemmy.today to c/workreform@lemmy.world

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[–] Nomad@infosec.pub 11 points 2 days ago (1 children)

Well the joke is that openai burned that money, but its more complicated than that.

Microsoft bought into openai, as in money for shares.
Openai users burned tokens that were bought from Microsoft for money.
After that deal Microsoft owns shares in openai and has a big customer that made them revenue for the compute that was used.

Don't forget that there are potential downsides. Openai burns money like the paper it was printed on, so that investment in shares carries a lot of risk for Microsoft and its shareholders.

if both sides can't "win" the "AI" race without each other, this strategic partnership is a net benefit for both as long as only one of both sides accepts potentially fatal levels of risk. The both have potential upside which is passed on the shareholders, which we can agree that those are mostly rich people. But so are the investors on all ends, so its never really been our money being passed around, but that of rich people.

And if we look at the share of paying customers of ai services on Lemmy, we can conclude that its even less "our" money. ;)

[–] frisbird@lemmy.ml 6 points 2 days ago (1 children)

The money being passed around by the rich is 100% our money. We made them those profits.

[–] matlag@sh.itjust.works 1 points 2 days ago

If you're riled up by that money exchange using your dollars, you're not going to like the bailout to come when their scheme finally collapses.