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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

#201

Post by Computer0 »

TheDong wrote: post #109
Computer0 wrote: post #53

Earlier quoted context omitted.

$500k/yr? Do you think a lot of people make that much?

I mean, on levels.fyi the 90th percentile in San Francisco is 500k. Most of HN is tech workers in the bay area. The average person on hacker news is easily in the 90th percentile of software engineers, so yeah, I wouldn't be surprised if the most people here make somewhere around there. The biggest confounding factor is the other fact that most HN users are startup founders living off ramen in Peter Thiel's garage, s…

Is this evidence based? I am not a software engineer, nor do I live in california. Nobody I know in real life that uses this site is.

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

#202

Post by vrganj »

skybrian wrote: post #192
vrganj wrote: post #152

Earlier quoted context omitted.

Do you think it's reasonable Zuckerberg or Bezos get rewarded the way they do while Amazon drivers piss in bottles and barely paid contractors get PTSD from moderating Facebook? The system is rotten to the core. We as tech workers are somewhere in the middle, simultaneously being exploited while also benefiting from the exploitation of others.

I’ve read news reports about those jobs and they do sound very bad. But as for being exploited, I’m certain that I wasn’t.

Why are you so certain? How much does your CEO provide in value compared to your labor? You really sure its a fair distribution of the proceeds?

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

#203

Post by tasuki »

nielsbot wrote: post #195
tasuki wrote: post #176

Earlier quoted context omitted.

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.

I disagree. You can feel a job has been worthwhile, lucrative, satisfying… (mutually beneficial) But feeling gratitude to an _entity_ that puts profits before your well-being is misplaced. Maybe there are exceptions, but not in big tech.

I've only worked for one big tech(ish) company (Elastic). They have treated me fantastically and I'm grateful.

Mostly I choose to work for small companies, getting reimbursed in job satisfaction and work-life balance rather than a big paycheck.

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

#204

Post by js8 »

zozbot234 wrote: post #137
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…

> Even if a rich person reinvests everything, the control over large amount of money is what makes it problematic. What about the control that out-of-touch politicians and bureaucrats have over large amounts of taxpayers' money? Shouldn't we find that far more problematic overall? > There is no need for a "capitalist" (owner of the enterprise) to insert themself into the process, they are useless middlemen who get a…

> Shouldn't we find that far more problematic overall?

These things are connected and both are problematic. See e.g. Citizens United vs FEC.

> Then why do newly created enterprises almost universally seek outside capital investment?

I agree there is a need to raise capital, because any large scale economic activity is a collective enterprise. Whether this collective enterprise should be owned by a single person, or small subgroup, or by all participants, is an orthogonal question.

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

#205

Post by js8 »

energy123 wrote: post #135
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…

What's your solution to the local knowledge problem? Capital markets are like other markets. Capital gets allocated to where it's needed, holding aside market failure (which is what regulations are supposed to fix). Capital owners seek out the best return/risk, and because they are on the ground and diverse in views and skills, that solves for the local knowledge problem. This is where startup seed funding comes from…

> an advocacy for central planning for capital

No, it isn't. You can have democratic control over capital, respecting subsidiarity principle. It's no more centralized or decentralized than under capitalism.

> But to eliminate capital markets and push it all into a central planner is bad.

If you have a high concentration of wealth you have the same centralized control, regardless whether the mechanism is capital markets or gosplan.

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

#206

Post by foxglacier »

sanxiyn wrote: post #40
foxglacier wrote: post #37

Earlier quoted context omitted.

I think you mean who will protect the interests of the consumer? That's ultimately who loses to unions. There's no direct ethical value in protecting businesses or their owners but workers and consumers include pretty much all humans and their interests are in tension with each other.

Consumers have a choice of not buying, so generally they do not lose to unions.

Not generally, no. Workers usually do have choice - they can work in a less desirable job, just as consumers can buy a less desirable product. At the extremes, both are serious - workers without income can starve and consumers for whom food is too expensive can starve.

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

#207

Post by agentifysh »

choudharism wrote: post #124
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.

I just find it funny someone who worked at Amazon would type that to feel good about themselves.
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