Now take all the wasted physical resources spent on duplicate products/excessive luxuries and put it toward science

Combine that with the previously wasted focus and humanity will live like the Jetsons in no time

@Blackhawk342 I think you misunderstood. The well being of the worker would not come at the expense of the business’ success. Labor just wouldn’t be seen as resources and more profits would go to the worker.

Only if the worker is willing to put the risk on the line like the ower, then sure.

You would still have class structure so I’m not sure where this idea of communism comes from

If the only risk is not having a job then I don't think "the workers" deserve any more share of teh proffits

Why would there be fewer jobs?

Because people are being paid more?

I think you are misrepresenting the concept

People should still be paid based on their value. But proportionality is a factor

The well being of the worker requires money either from the company, their community or the worker themselves

If its coming from the company then it is at the expense of the company's success which is measured in profits

It can also come from the profits themselves. Case and point, the CEO of Nintendo cut his salary after the WiiU flopped

Japanese corporate culture is a bit different. I don’t think US business culture is the only way to look at things.

and did their workers see an increase in pay following his cut?

Not sure. Either that or company expenses. In either case it should not be looked down upon if CEOs cut their own profits.

There is no real negative effects to the business simply because that money wasn’t going to the business in the first place. It was going to the individual

Does that mean you expect executives to take paycuts across the board before redirecting funds to lower level employees?

Jesse is really great sometimes:
https://youtu.be/APm-egYzaUU

What? No, not every executive.

You appear to be viewing my proposal through the lenses of “anti-socialist” propaganda.

The concept of seeing people as family rather than resources would be a cultural additude. Pay cutting is just one avenue

As of 2016 that is the current corporate culture

or at least its what they teach in management classes

The current culture is to maximize profits for the owners.

Yes, the two are supposed to be balanced with each other

Japan is to have their business last as long as possible. A few business conglomerates see business as family

I think the third is the ideal approach to build policy and culture around

They have massive conglomerates which work people to the bone

People kill themselves over work stress, not all at once but overtime

They dont have families and the government currently gives out massive benefits to anyone who has a child

Who’s “they?”

Japan?

the japanese

This is true. Asians are very fixated on the concept of status

If youd like to see something achieved like better quality of life for workers japan should be an example of what not to do

Working like crazy is part of that

People would be more productive but also more stressed which goes against the needs of the individual

The CEOs can publicly flog themselves, but it wont fix the fact that they reward over-working and the prioritization of work over social life to the point where the former erases the later

A family based approach maintains the needs and respects the time of the individual.