most people say that billionaires are inherently evil but i guarantee if they received a small loan of a billion dollars they would be very careful with it before even thinking about giving it out.
Is this the case though? A Median Salary at Microsoft is 90k, the low end is like $48k.
Median at Oracle is $102k the low end is $61k
These things aren't a function of if someone is a billionaire or not, it's about what the business is... If your business is sending packages, making a physical product, mining a resource etc... you're going to pay low end people shitty things.
If your product is making Enterprise wide software suites you probably pay people better.
Everyone knows Amazon makes like $10 Billion a year, what they don't appreciate is that that's a 3% profit. When they sell you a $20 item, they're trying to make $0.60 on that purchase.
Jeff Bezos doesn't pay himself millions. He owns the company's shares and those go up in value, but he pays himself an $81,000 salary.
People know income inequality is important and is a thing, but when they don't actually take any time to understand the differences between companies and how salaries are determined and so on, it's not helpful, it just makes it easy to dismiss the arguments as totally uneducated.
dopydon on November 10th, 2019 at 07:08 UTC »
most people say that billionaires are inherently evil but i guarantee if they received a small loan of a billion dollars they would be very careful with it before even thinking about giving it out.
hellhathsomefury on November 10th, 2019 at 08:28 UTC »
https://www.theguardian.com/commentisfree/2019/nov/06/billionaires-super-rich-extreme-wealth-political-influence-inequality-gates-bezos-buffett
Good reading for every person living from paycheck to paycheck that thinks they should defend billionaires.
EnderSword on November 10th, 2019 at 11:12 UTC »
Is this the case though? A Median Salary at Microsoft is 90k, the low end is like $48k.
Median at Oracle is $102k the low end is $61k
These things aren't a function of if someone is a billionaire or not, it's about what the business is... If your business is sending packages, making a physical product, mining a resource etc... you're going to pay low end people shitty things.
If your product is making Enterprise wide software suites you probably pay people better.
Everyone knows Amazon makes like $10 Billion a year, what they don't appreciate is that that's a 3% profit. When they sell you a $20 item, they're trying to make $0.60 on that purchase.
Jeff Bezos doesn't pay himself millions. He owns the company's shares and those go up in value, but he pays himself an $81,000 salary.
People know income inequality is important and is a thing, but when they don't actually take any time to understand the differences between companies and how salaries are determined and so on, it's not helpful, it just makes it easy to dismiss the arguments as totally uneducated.