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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

#181

Post by ndsipa_pomu »

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…

Almost all billionaires are parasites who don't really "create" anything except figure out ways to either game the money markets or underpay employees.

There's also all the various shenanigans they employ to avoid paying a fair share of tax, so they're mainly "stealing from society".

The level of wealth hoarding by certain people would be classed as a serious mental illness if they were hoarding something else, but it's actually far more damaging to the rest of the world that they hoard wealth.

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

#182

Post by autoexec »

robocat wrote: post #180
autoexec wrote: post #145

Earlier quoted context omitted.

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?

I feel bad for your sister. Only one reasonable option for an essential utility and all it costs your sister is hundreds a month plus sending all of her private data to a Nazi billionaire who is using it to train his AI while externalizing the costs of light pollution and space congestion/garbage onto the entire rest of the planet? It's looking like there's more than one trick to capitalism.

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

#183

Post by Haven880 »

recursivedoubts wrote: post #75
aetherspawn wrote: post #47

Earlier quoted context omitted.

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.

Most engineers who advocate for themselves would simply be fired. Job hopping was the way to get your salary up fast previously.

Just take company secrets and walk over to competitors. That is the greatest perks every engineers have but don't exercise it. Some literally become billionaires. You think China overnight taught of everything by themselves? Go ask what did the Japanese and SKorean senior engineers did over the weekends from 90s to 2010s. Law is only effective if it can be proven in a court and judge sentenced it. Vast majority never even reach the lawyers ear. You advocate means you most likely will divulge. The quietest and least "smart" engineers probably are the smartest and riches.

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

#184

Post by nielsbot »

dannyw wrote: post #83
nielsbot wrote: post #26

Earlier quoted context omitted.

From our laid off workers pockets to Samsung employees’!

That seems like false equivalence. The overall economy is not zero sum.

no--i was just making a slightly silly point about tech companies 1) laying off workers and 2) spending that cash on infrastructure (including chips) which goes to 3) Samsung and in this case 4) its workers.

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

#185

Post by bmn__ »

jimbob45 wrote: post #159
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…

Is anyone really upset by billionaires having their money tied up in assets? It goes against the public good to force someone to break up a public company just so that the owner has less assets on their balance sheet. Aren’t you really just mad at leveraged assets? Even non-billionaires can damage the public good doing that.

You were downvoted as a punishment because you made a retarded argument and HN users saw fit to not engage with words.

No billionaire is forced to break up a public company to pay taxes, the same as no average Joe is forced to sell his clothes to pay taxes. The idea in common is that if one knows that one must have cash at the end of the fiscal year, then one sets aside the money and simply avoids buying clothes or investing in assets.

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

#186

Post by giantg2 »

Sam6late wrote: post #174
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.

If you're in manufacturing and have a union in the US, there's a good chance your job just gets shipped overseas unless it's some sort of protected job that can't legally be done overseas (some defense stuff).

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

#187

Post by lores »

aetherspawn wrote: post #168
autoexec wrote: post #142

Earlier quoted context omitted.

That sounds like the kind of problem unions were invented to solve.

Unions are basically mafia.

The American propaganda machine has done a good job on Americans...

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

#188

Post by vasco »

Detrytus wrote: post #106
vasco wrote: post #66

Earlier quoted context omitted.

You might be living inside a philosophy book about capitalism. Do you know about the existence of Russian oligarchs and their offspring? Or Texan billionaires that one day woke up and found out they were living on top of oil? What contribution did they give to society?

Well, I can give you Russian oligarchs - they came to their wealth during time of chaos, and mostly through stealing. But Texan oil billionaires? They won their wealth fair and square, if not for anything else then for just recognizing an opportunity and acting on it. Believe me, there are many people in this world who would blew it in stupid ways.

I won't even argue about Texans even though you're wrong there, but since you accepted Russian oligarchs as a problem with this world view that having money = having contributed to society then I'm not sure what else to say. You already admit this model doesn't work as a proxy to merit in the case of using force and connections.

Take another example, someone who won a lottery vs someone who hasn't, but otherwise lived the same life, in your world view one deserves it and the other doesn't. And their their offspring forever on as well? If you accept this now your list of exceptions is using force, connections and also luck. But we can keep adding examples and exceptions to the rule until at some point you need to admit that way of looking at the world is too flawed, no? BTW this luck aspect is the same as the "Texan got a knock on the door offering them millions forever because they have oil under their house" so I guess I did end up re-arguing that.

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

#189

Post by Swizec »

Danox wrote: post #157
Swizec wrote: post #12

Earlier 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.

401(k) and IRA’s were not a gift. It was a way for the companies to end the company pension plans in the early to mid 1980s. Half of the people who did receive them squandered them by cashing out before retirement to pay bills. If Social Security goes the same way most would squander it paying for necessities. Most of the unionize workers still left in America get a better share of the pie than the non-Union workers…

> 401(k) and IRA’s were not a gift

No not a gift but they sure do align incentives

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

#190

Post by anon291 »

Danox wrote: post #160
anon291 wrote: post #19

Earlier quoted context omitted.

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

Actually, it’s the other way around in America the government and the people get to pay for the debt and the Robber Baron insiders get to scuttle away with the profit.

You can argue it's poorly managed, but the ownership structure is whatever it is.
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