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?
Perhaps U.S. workers could threaten to strike as well...
Samsung chip workers will get an average $340k bonus as AI profits soar
81–90 of 207 posts
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#82Meanwhile 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.
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]
The US has some of the highest levels of wealth and wage inequality in the developed world, and it's never had greater economic stratification in 1-2 lifetimes.
The number of people making "moon money" is very, very small compared to everyone else in the industry.
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#83Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#84Earlier quoted context omitted.
https://finance.yahoo.com/news/wealthiest-10-americans-own-9...
The idea that communism means that everyone owns everything equally is retarded. Communes themselves don't do this. People with more stake get more ownership This corresponds to the first stage of Marxs theorized progession from capitalism too communism Done hate the messenger. I'm just taking what I read and applying it to observed reality and telling you it fit. Self described commies are dumb because they are inca…
Can you show a commune that has lasted 3 generations? So like people move in, they stay and have kids and their kids stay long enough to have kids themselves. So at least about ~50 years?
My impression of all these communes is:
- idealistic people move in
- they realize 90% of the people that moved in are lazy and don't want to work
- the rest of the 10% run the show and the commune either breaks down here or kicks out many people
- kids are born, they grow up and by the time they get to university age they find the whole thing cringy and leave to go have normal lives
- commune ends
Other than some that also degenerate into sexual abuse between members and other weird power games. My impression of these outsider hippie / communist groups is that their failure rate is very high.
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#85Earlier quoted context omitted.
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.
> 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.
You're ascribing a level of agreement with your opinions about who deserves what level of credit people deserve for results that are far beyond the scope of a single person to vast swaths of people who have no power to contest the system that has existed for so long that no one alive created. The reason I "pay my dues" to the grandchildren of random rich people from 100 years ago is not because I owe them but because there's literally nothing I can do to avoid it regardless of how plausible I find the extreme opinion you're confidently asserting is some sort of self-evident fact.
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#86Earlier 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…
Engineers are awful at advocating for themselves, and that’s why they study and work twice as hard as lawyers and finance, have less perks (travel, food, cars, private offices) yet they get paid half as much.
The majority of people in finance are working in low paid back office or retail roles. Less than an engineer on average. You only hear about the outliers.
These finance jobs are low paid because they're not that skilled and many people can do them. Same basic reason as why fast food temp worker is low paid.
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#87Earlier quoted context omitted.
> Meanwhile tech workers in the US spend all day online defending billionaires Tech pulled a great trick here: equity. America as a whole pulled a similar trick: 401k It’s hard to fight the billionaires when all your money depends on not fighting them.
Are you saying taxing billionaires out of existence would be bad for equity and 401ks? How, exactly?
I don't think it would be bad for equity in any way. It might actually be good instead actually.
First, the general public would have more disposable income if we shift more of the tax burden on the ultra rich.
Second, people like Elon Musk won't be able to give themselves massive bonuses that are essentially paid by diluting common stock.
Also, with regard to the U.S., the U.S. could wipe out its national debt with a one-time wealth tax, and also pass a balanced budget const. amendment so it never ends up deep in debt again.
Lastly, perverse and extremely greed-based exploitative businesses might become less common, since there aren't ultra fat executive paychecks. Although it might still happen if a large group of people are able to make a somewhat high salary off such schemes.
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#88Earlier 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…
People are billionaires because they “share with society”.
I appreciate that this is a flippant remark, but there are crypto billionaires proving that there are exceptions to this assertion.
Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#89Earlier quoted context omitted.
> People are billionaires because they “share with society”. They take a small fraction of the wealth and surplus they create. I truly cannot believe that anyone with an ounce of empathy or integrity could possibly believe a statement as absurd as this.
Why is this absurd?
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Re: Samsung chip workers will get an average $340k bonus as AI profits soar
#90That's literally insane for Korean living standards. Those people can basically retire
I think it’s insane anywhere. Would have to put about 15-20 years worth of bonuses to reach that amount…