If everyone was paid the same salary as the CEO at Amazon
I’ve seen a few recent posts and articles about how it’s unfair how disproportionate the pay is between the people at the top and the people at the bottom of companies like Amazon, so I just wanted to see what you all had to say about it. Amazons operating expenses last year was $56,608,000,000. During that time they employed 647,500 individuals. Assuming all of those expenses went to payroll (they didnt, but just for the purpose of this question let’s assume they did) dividing that among each employee would result in $87,425.48. Would you be okay taking that salary? It would be completely fair, and might result in many employees being paid more than they were previously. https://finance.yahoo.com/quote/AMZN/financials?p=AMZN https://www.statista.com/statistics/234488/number-of-amazon-employees/
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Communism at its finest.
I actually always wondered what part of communism always fails. So far drawbacks are always around having a single party that suppresses other opinions but does communism have to have it that way?
Communism fails because of that. But I think it fails more because it requires people to be motived by the interest of society and not personal gain. If ratio to people who work hard for free to people that slack and pull everyone else down is high then communism works, but if that ratio is low then it will not work. Capitalism is beautiful because it doesn't require everyone to be so giving. Capitalism can translate people's self interest and personal gain into value that advances society. Such beauty.
Opex is different than salaries. Makes no financial sense. Instead divide executives and Jeff salary among all employees maybe?
Ah darn I didn’t know which figure to use. What was the number I should have used? Basically I wanted to get the total amount spent on payroll across all employees. Or something close.
Isn't Jeff's salary 0?
Wtf? Amazon actually employs people in all pay grades - from warehouse associate and lab techs to SDEs, which is a good thing (benefits and stuff), and somehow it’s getting bashed for it. Amazon in this aspect is way more ethical than Google for example which keeps their QA folk on contracts forever, with no benefits and subpar pay. But yeah, average salary is higher (since QA and techs are vendors) and no one can blame them for paying peanuts to lower end people. Fuсk this shït!
Sorry for upsetting you. I think it’s a pretty unfounded concern but I’m sure you’ve also seen the articles about the staggering amount top level executives make at large companies. I just chose Amazon as an example because there are so many of them on Blind.
So you're asking if people who have likely spent at least a decade honing their craft and developing expertise (and likely making lots of sacrifices along the way) would be happy getting paid the same as someone that does a job that can be done by just about any able bodied person with a month on training?
That number is roughly double what the Japanese equivalent of Amazon pays me right now, so yes, I would gladly take it. (I suspect that Rakuten's CEO takes a larger share of his company's profits than Bezos does, though he's only the fourth richest person in Japan.)
How would paying each employee be fair. How many of your ideas has made millions for the company, let alone billions?
I don't think it should be flat for all positions but it certainly shouldn't be exponential either. The CEO to median working ratios are frightening at some companies.
Equal pay is dumb. So is the wage gap. The ideal is "somewhere" in the middle *gasp* mind bending idea, I know
One of the most interesting parts of this whole equation to me is education. We have an entire generation that was told "follow your dreams" and go to college for whatever you want. Many went into massive debt and came out with no marketable value. My brother has a masters in philosophy and $100k in student loan debt and works at best buy. That $100k of debt could have been his first home. Home value is the primary source of wealth for most American families. The sheer number of degrees has simultaneously devalued the degree and made it a requirement for nearly any job. Now millennials feel like they have been cheated, and for good reason. They were sold on a dream that doesn't exist. Most jobs are soul sucking and unfulfilling because people generally don't pay you to do things that are fun. They pay you to do things they don't want to do. Supply and demand is a b!#$.
What kind of job would you expect to get with a masters in philosophy? Especially one that would pay off 100k? I'm not saying the system is great, but I do find it curious that one would choose a subject with very little marketable value.
Fair, is a system in which you have the opportunity to build a business the size of amazon and pay employees (including yourself) whatever you please. At its base employees, like employers owe each other absolutely nothing beyond the predetermined terms.
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Oh shit is that you atinlay
Of course it is. Pig Latin. Igpay Atinlay.