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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

#11

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.

The union makes us strong.

-- A proud programming union worker in South Korea since 2018.

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

#12

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.

> 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.

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

#13
post #8

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

Yeah give me the median

Not all workers will fare equally. As an illustration, Reuters cited a union source estimating that someone in the memory chip unit earning an 80-million-won base salary could take home roughly 626 million won in total bonuses this year. By comparison, workers at SK Hynix stand to collect upward of 700 million won should their employer post annual profit of 250 trillion won, Reuters calculated. Unlike at Samsung, SK Hynix employees are not limited to stock payouts and may instead opt for cash, Reuters reported.

Almost 6x the base, not bad.

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

#14

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.

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]

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

#15

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.

What’s an average nvidia “tech employee” worth today? How about compared to their base salary vs. Samsung line workers?

You have a point. But on this precise topic it’s pretty hard to make. A tiny handful of companies who are winners beyond anyone’s expectations simply do not matter.

There is exactly zero percent chance this profit sharing contract would have been negotiated by either party as it is if this had been remotely predicted in advance. Same as the retrospectively extremely lucrative RSUs granted to nvidia employees just five years ago.

Tech folks employed by the top tech companies have been fine. I do not cry even a minute for them. The fun part of the Korean memory worker compensation is that blue collar folks finally are getting just a little bit of the taste the laptop class has been part of for so long. And it is likely to be comparatively very fleeting.

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

#17

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.

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 vast majority of tech workers in the US make nowhere near FAANG-money and have never had meaningful equity.

Also the fact that people in group $X are getting screwed more than people in group $Y is no reason not to fight to not get screwed if you are in group $Y.

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

#18

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.

I mean as someone who works in American AI chip firms , our compensation is larger. You can bitch about America as much as you want but it's pretty much the best in terms of monetary compensation

Of course I'm late to the game. My colleagues who have been here ten years are either extremely wealthy and bored or sailing the Caribbean at this point. Every other week someone is taking a sabbatical

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

#19
post #12

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.

> 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.

Well yeah America has achieved what the communists sought: public ownership of the means of production . Today most of the American public owns the largest means of production in government advantaged accounts. Marx ought to be proud
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