Slack’s Stewart Butterfield on Tech Wealth

Even the exceedingly wealthy recognise the crazy system we have developed isn’t right.

“Driven by insane user growth, Slack, his current company, is said to be raising money at a valuation of $2 billion, even though it’s been around less than two years.

“I’m going to end up with a lot more money than I feel like I’m entitled to given how hard I work. I see all kinds of people work hard all over the world, and some of them are barely making it. I don’t just mean subsistence farmers. I mean people in the developed world who work multiple jobs and because the cost of healthcare and childcare eats up almost all of the living they make.  To be clear, I don’t have a better way in mind. I think the system we’ve developed, and the byproduct, of people who founded tech companies getting stupidly rich  — I don’t have a better alternative. It’s something that can be addressed through tax policy.”

“But I’m definitely very conscious of the role that luck and timing and race and gender play in all of this stuff. If I was a woman, it would be twice as hard to do what I do. If I was black in the U.S., it would probably be five times as hard.

“But also, there are early 20-somethings who work here — kids, from my perspective as a 41-year-old — who are going to make a couple million bucks. I think about the shitty jobs I had when I was 23. I worked as hard as they’re working these days. There’s something untoward, something incorrect — I’m not sure exactly what the word is. Wait, I know: Unfair. There’s something unfair in that. “

Nice when a new member of the 1% validates how unfair this system really is. Is Butterfield jealous? Of whom? Now there are numerous wealthy decrying the current system, perhaps we can to do something about inequality.

About blognobody

Interested in the world around me and the development of knowledge.
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