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Samsung chip workers will get an average $340k bonus as AI profits soar

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Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#51

Meanwhile tech workers in the US spend all day online defending billionaires who wouldn't piss on them to put out a fire and arguing about why we can't have unions because blah blah blah rugged individualism.

In all honesty, I’d rather get paid the $500k/yr people make here than have a union negotiate a $350k one time bonus in a time of unprecedented success. Given these two options, I’m not that eager to have their system.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#52
post #49
post #38

Earlier quoted context omitted.

Imagine the world, where instead of making billionaires and trillionaires, we would actually share with society. Providing affordable products/services to common people. Decommodification of life. There's no money for public investments, but there is always money for wars. There's no money for raises and bonuses for workers, until workers show there's no company without them. So, if there's no money for public invest…

People are billionaires because they “share with society”. They take a small fraction of the wealth and surplus they create. If you create $6 of value for every American and capture half of it you are a billionaire. “Public investments” besides are heavily spent on. The majority of the US federal budget goes to welfare. If you want new infrastructure and so on, the primary blockers are the universal veto powers we ha…

Pro-tip: more often than not people are billionaires because their parent was a billionaire or multi millionaire

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#53
post #51

Meanwhile tech workers in the US spend all day online defending billionaires who wouldn't piss on them to put out a fire and arguing about why we can't have unions because blah blah blah rugged individualism.

In all honesty, I’d rather get paid the $500k/yr people make here than have a union negotiate a $350k one time bonus in a time of unprecedented success. Given these two options, I’m not that eager to have their system.

$500k/yr? Do you think a lot of people make that much?

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#54
post #48

Earlier quoted context omitted.

I find this complaint hard to square when US developers earn "moon money" compared to both: a) fields requiring similar levels of expertise like EE or Mech-E and b) international developers in similar roles. Plus, equity. [GIF of Woody Harrelson wiping tears with money]

Why are you pitting workers against each other? Developers don't set EE wages. It's always the management class that is the source of your woes, not your fellow workers. We're in this together.

It's not pitting workers against each other to point out that the conclusion of the argument doesn't follow from the premise.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#55

That's literally insane for Korean living standards. Those people can basically retire

They probably slogged to death before this and finally are recouping what they were owed over their lifetime if you put things into perspective. I feel happy for them and hope they use it wisely and actually retire.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#56
post #52
post #49

Earlier quoted context omitted.

People are billionaires because they “share with society”. They take a small fraction of the wealth and surplus they create. If you create $6 of value for every American and capture half of it you are a billionaire. “Public investments” besides are heavily spent on. The majority of the US federal budget goes to welfare. If you want new infrastructure and so on, the primary blockers are the universal veto powers we ha…

Pro-tip: more often than not people are billionaires because their parent was a billionaire or multi millionaire

Yes, and the contributions from those parents were so valuable that the society still owes them, even long after their death. That's why we pay our dues to their children and grandchildren.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#57

This is what bonuses would average out to in the US as well. It’s just that the CEO would get $100 million and the workers maybe $10k each. Does the article say how it’s going to work?

Maybe that’s still what’s happening, they’re talking about average after all :)

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#58
post #51

Earlier quoted context omitted.

In all honesty, I’d rather get paid the $500k/yr people make here than have a union negotiate a $350k one time bonus in a time of unprecedented success. Given these two options, I’m not that eager to have their system.

$500k/yr? Do you think a lot of people make that much?

He clearly has a very narrow definition of "here" in mind.

Re: Samsung chip workers will get an average $340k bonus as AI profits soar

#60

Any bonus is better than no bonus but averages are deceiving. Maybe VPs would get 10m and line workers 10k ¯\_(ツ)_/¯

Is your understanding that the VPs are in the same union as the line workers? That would be... interesting. I do not believe that is the case.
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