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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

#111

Post by carabiner »

anon291 wrote: post #18
bayarearefugee wrote: post #6

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

I don't think it's much larger when you adjust for Bay Area COL. Housing and healthcare especially.

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

#112

Post by vrganj »

winter_blue wrote: post #81
dyauspitr wrote: post #44

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...

Don't be silly, we're all special individuals here and unions are bad! We definitely haven't been brainwashed to act against our best interests.

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

#113

Post by yogthos »

anon291 wrote: post #46
yogthos wrote: post #21

Earlier 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…

That's just an infantile straw man though which has nothing to do with how communism works. Communism simply means that workers own their workplace and are the primary beneficiaries of their labor. In practice this means a mix of state ownership for cross-cutting concerns such as energy production or infrastructure and cooperative ownership for things like light industry. Cooperatives operate exactly the same way as companies owned by capitalists, except workers are in charge of running the company. Huawei is an example of how this works in the real world.

Maybe avoid opining on topics you have no idea in the future as not to make an ass of yourself in public.

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

#115

Post by agentifysh »

I do wonder if this is good for Korea in the long run. There's not many employers like Samsung and SK that can provide this level of compensation for cost centers. I think many more workers are going to start demanding red carpet treatment when companies are choosing to outright shut down or move operations out of Korea due to increasing pressure from unions. ex) Hanjin, SsangYong Motor, GM, Renault Samsung/Renault Korea, Nestle, Tetra Pak, Hyundai Motor, HomePlus....

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

#116

Post by js8 »

arjie wrote: post #49
Adiqq wrote: 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…

If they want to "share with society", it's nice, but they can do it after taxes, just like everyone else.

Even if a rich person reinvests everything, the control over large amount of money is what makes it problematic.

Also the idea that welfare doesn't go to investments is wrong. When you buy groceries (or anything really), there is a decision made by the management of the company you buy these things from to reinvest part of it to maintain or build productive capacity.

There is no need for a "capitalist" (owner of the enterprise) to insert themself into the process, they are useless middlemen who get a cut, essentially. (They are not so useless when they do actual managerial work, but then they can be just an employee like everyone else.)

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

#117

Post by vrganj »

skybrian wrote: post #36
nielsbot wrote: post #28

Earlier quoted context omitted.

are you saying workers should show gratitude to their employers?

Yes, if you're treated well. It was a fair deal. More than fair, generous. I can't point to anything I did that was worth so much. You seem surprised? Do you know how things (sometimes) work in Silicon Valley?

I feel the opposite. Looking at the yearly revenue of these companies and dividing them by the number of people that contributed, I clearly created much more value than my comp gave me.

Labor is entitled to all it creates.

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

#118

Post by yellow_lead »

rcbdev wrote: post #108
dyauspitr wrote: post #44

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?

> Does the article say how it’s going to work? You pay them the bonus, it shows on the pay cheque, like every salary bonus. What about this is something you'd expect in an article?

The distribution of bonuses instead of an average

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

#119

Post by dyauspitr »

rcbdev wrote: post #108
dyauspitr wrote: post #44

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?

> Does the article say how it’s going to work? You pay them the bonus, it shows on the pay cheque, like every salary bonus. What about this is something you'd expect in an article?

I mean how the bonuses are going to be distributed based on hierarchy in the company

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

#120

Post by landl0rd »

js8 wrote: post #116
arjie wrote: 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…

If they want to "share with society", it's nice, but they can do it after taxes, just like everyone else. Even if a rich person reinvests everything, the control over large amount of money is what makes it problematic. Also the idea that welfare doesn't go to investments is wrong. When you buy groceries (or anything really), there is a decision made by the management of the company you buy these things from to reinve…

You could always replace him with a "banker" who instead loans you the means of production on credit, but nobody is going to make you a lathe for free out of the goodness of his heart, nor buggies for your grocery, nor the produce for your shelves and meat for your coolers. The banker makes you take the risk because, if it fails, he probably takes your house.

Believe it or not co-ops exist just fine and some do very well. It sounds like what you would like is a co-op and I will be quite happy for you if you start one.

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