Hacker News Board Hacker News, browsed like a classic message board
Live data from Hacker News

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

qz.com

Post reply on HN
Print view View original

121–130 of 207 posts

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

#121

Post by mcv »

Detrytus wrote: post #56
vasco wrote: post #52

Earlier 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.

Sorry, why would society owe their children? Where does this obligation come from? You're making a leap here that doesn't make sense.

Also, it's not sharing with society that makes people billionaires, it's taking from society. Had all that profit gone to society, they wouldn't be billionaires. Now often (not always) they provide some value to society but that generates that profit, but quite often even that was based on taking from society. They take natural resources to exploit, monopolise a market, exploit workers, etc.

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

#122

Post by thrownthatway »

agentifysh wrote: post #115

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 K…

> chip workers

> cost centres

What?

In what way are manufacturing workers a cost centre?

They aren’t call centre workers.

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

#124

Post by choudharism »

agentifysh wrote: post #115

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 K…

It is an abhorrent reflection of the society that this is a valid kneejerk response.

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

#125

Post by cityofdelusion »

winter_blue wrote: post #87
nielsbot wrote: post #29

Earlier quoted context omitted.

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…

No way wealth tax covers the debt. It would be more of an asset seizure and forced sale or nationalization of a bunch of businesses and illiquid asset classes. The rich don’t hold enough cash to make it happen.

The other issue is the U.S. deficit is a feature not a bug. As long as the world buys the bonds, it’s “free” and no one will care until forced austerity happens.

Look into the end of the Gilded Age to see how this really gets fixed.

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

#126

Post by thrownthatway »

neya wrote: post #55
OsrsNeedsf2P wrote: post #25

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.

> recouping what they were owed

I’m just a dumb blue collar worker, but I’m going to go with “No” here.

They were only ever owed what they agreed to work for.

Now, that’s changed and they negotiated a different agreement.

They were never owed this until both parties agreed they were.

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

#127

Post by anon291 »

vasco wrote: post #84
anon291 wrote: post #46

Earlier quoted context omitted.

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 o…

The United States, since most of our means of production is owned by the public. That was the point. The United States has the highest equity ownership rate in the world. We all have a stake in this.

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

#128

Post by skybrian »

vrganj wrote: post #117
skybrian wrote: post #36

Earlier quoted context omitted.

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.

I learned pretty quickly that money in Silicon Valley has nothing to do with getting what you "deserve" after a co-worker sold a domain name at the height of the dot-com bubble and retired on the proceeds. Sometimes people get lucky and there's no point in getting angry about it.

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

#129

Post by IncreasePosts »

dahuangf wrote: post #123

Samsung chip workers get $340k bonuses. American tech workers get laid off because AI is 'optimizing headcount.' Different kind of AI dividend

What do you think will happen to these chip workers as their jobs get automated with AI?
Post reply on HN