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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

#171

Post by ponector »

LPisGood wrote: post #41
xyzzy123 wrote: post #14

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]

Professional athletes and pilots have unions. They both make considerably more than your average programmer, even in FAANG and even with equity.

Simply because it's not that easy to offshore them to India.

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

#173

Post by Sam6late »

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.

But no one should argue with this, it is as sound as physics;no unions no equality in salaries https://www.epi.org/news/union-membership-declines-inequalit...

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

#174

Post by Sam6late »

OsrsNeedsf2P wrote: post #25

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

It is the unions not Samsung's generosity; As union membership declines, inequality rises in the US while in Korea they are a force to be taken into consideration.

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

#176

Post by tasuki »

nielsbot wrote: post #28
skybrian wrote: post #22

Earlier quoted context omitted.

It would be ungrateful to complain after earning enough in stock options and RSU's to retire early. (It sounds like the union got a great deal for these workers, though.)

are you saying workers should show gratitude to their employers?

I think I have shown gratitude to all my employers. They have invariably treated me well, and I believe the relationships were mutually beneficial.

If you do not feel gratitude to your employer I suggest you find a different one. If you cannot find such an employer over an extended time frame, perhaps the problem is you.

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

#177

Post by js8 »

landl0rd wrote: post #120
js8 wrote: post #116

Earlier quoted context omitted.

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…

Bankers are even worse than shared ownership due to moral hazard (that's where muslim and christian view of money lending comes from), but yes, as a socialist I am in favor of coops.

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

#178

Post by Ekaros »

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 probably is. Sharing in what is essentially a massive windfall is most likely positive. This money will get spend or invested by employees. Which should stimulate the economy at much higher level if it just stayed in stock market.

This is not standard thing. This is response in situation where company has generated massively more profit than any time previously and likely any time in future after market stabilises. Expectation that at least part is shared with employees should not be unreasonable.

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

#180

Post by robocat »

autoexec wrote: post #145
Carrok wrote: post #64

Earlier 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.

One day it's all going to trickle down, just like they promised us, keep waiting! All that wealth is going to leak through and soak our empty pockets until they are heavy with gold! The Holy Gipper wouldn't lie to us.

My sister in New Zealand uses StarLink because ADSL stopped working in the rural wops.

She gets more utility than she pays for (that's the one trick of capitalism).

Is that trickle down?

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