221–230 of 259 posts
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> CEO does not do $500M worth of work The decision to make AWS created 100s of billions of dollars of value. CEO decisions can make and break companies. > If there were no employees other than the CEO then the $500M doesn't get made. Right, and if Tom Brady doesn't have receivers to throw to he doesn't win any super bowls. It is the leadership that can create massive amounts of value.
> The decision to make AWS created 100s of billions of dollars of value I can make decisions to create something all day, none of it makes any money unless effort is put into it's creation. Product and engineering and design made AWS which allowed the company to make billions. The marketing team after that.
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Your dreaming or delusional if you think a CEOs output is 400x someone else's. Dangerously delusional.
CEOs simply control more powerful tools so their output is multiplied. Someone driving a tractor might produce 400x the output of someone with hand tools, but its not because of the person, its the tool. Swap the two people and there will still be a 400x difference in output. It doesn't mean the tractor driver, or business leader is some sort of outlier genius.
CEOs can be replaced by algorithms largely. And society will be all the better once they are. Their job literally is just decision making based on input and output of information.
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My point is that anyone can learn what they want to do on YouTube. I served with an Electronics Technician in the Navy who started watching YouTube videos on commercial HVAC and now he does that as a living, servicing mostly restaurants in the Fort Worth-Dallas Metroplex, and not just making a "living", but last year his one-man operation made $300,000. Not too shabby for just watching YouTube and going to get the ne…
And what if the thing you want to do pays a wage below livable? Or no wage at all. Not everyone wants to be a software developer or something that makes a lot of money and it's a damn bleak view of the world where the grand diversity of the human race is squashed into a profit-chasing monoculture of workers. Just throw away your dreams and install air conditioning. It's the will of the market. We've gone from the Ren…
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I see this theme a lot when this topic comes up, and I feel it misses the point. Does the CEO provide 700x the value (based on $21.2M / 2000 hrs = $10600 "hourly rate") of a warehouse worker earning $15/hr? They absolutely provide critical input and decisions at the helm of a large ship, but if you break down their input versus the input of everyone under them...is it actually such a huge disparity of mental and phys…
I would be willing to bet the CEOs of these ultra-large, ultra-powerful tech firms provide far more than 700x the value of their average worker.
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I agree. And I would argue that the CIA should also get the boot. Probably about half of AWS's GovCloud should. But all the other heinous stuff that the US government agencies do abroad someone (that's not me) could argue is in the furtherance of national security. ICE is absolutely, clearly, not. There is no justifiable defense of the things ICE does, which is why it's the one most targeted.
Does this strategy of shaming the corporation who wants a nice big government contract instead of, you know, petitioning your federally elected representatives, actually work?
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And what if the thing you want to do pays a wage below livable? Or no wage at all. Not everyone wants to be a software developer or something that makes a lot of money and it's a damn bleak view of the world where the grand diversity of the human race is squashed into a profit-chasing monoculture of workers. Just throw away your dreams and install air conditioning. It's the will of the market. We've gone from the Ren…
"We" haven't gone anywhere. If you have to work now, you would have had to work just as much in the Renaissance. Those ideals were by and for independently wealthy aristocrats. The working class has always and will always work. If you're willing to have the quality of life that a Renaissance working class man had, 15/hr is plenty.
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CEOs simply control more powerful tools so their output is multiplied. Someone driving a tractor might produce 400x the output of someone with hand tools, but its not because of the person, its the tool. Swap the two people and there will still be a 400x difference in output. It doesn't mean the tractor driver, or business leader is some sort of outlier genius.
Finally someone sane. It’s not about stacking 400x boxes- it’s about force multiplication and impact
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You're off by an order of magnitude, but the point still stands. Assuming 2k hours a year, the pay would raise by about $0.11/hr per warehouse employee or about $223 per year per employee.
$223 is significant for a minimum wage worker. Whereas these millions are a bucket in the ocean for the CEO. I see it as nothing less than narcissistic supply for the CEO.
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If folks who had to pay them believed that, then they wouldn't pay them that (in my experience). As to if you think the folks who pay them are clueless to do so, do you know any of them personally?
Just like the folks here who cheer this madness, those folks who pay them believe in the hype for the same stupid reasons OP outlined above and to justify their own wages.
So the people who are paying, are (indirectly) paying out of their own pockets.
If someone can't pay out of their own pockets the amount they think someone is worth for them to work for them (or appoint someone to do it for them), then... what's the alternative?