Since recent events, every post like this seems to me like a most-wanted list.
this post was submitted on 07 Dec 2024
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Yes, I'm also pleased with the tenor of the times.
It is just information…
You're a pretty smart person then lol
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This isn't a useful metric as it's obviously bad for retail and service industries, and good for tech simply because of their business models. The median wages are really high when you outsource most of your labor and your actual "employees" are a handful of high level engineers. Spectrum for insurance is scummy but you can't just hire people in China to do service calls or upkeep infrastructure, ya know?
Also it doesn't include ownership. 1:1 with AirBnb is misleading for instance as it's probably mostly their execs on the team and their compensation is in stake at the company. Their business model also counts everyone as contractors, so there's that too.
Even in "traditional" Industries it's iffy.
If you outsource all your cleaning personnel, who have low paying jobs, you decrease the multiplier, even though nothing actually changed for the better.
Not to mention that the people doing most of the real labour to get e.g. clothes made and into shops work in sweatshops in poor countries and earn a tiny fraction of these salaries
~~Don't suppose you have more pixels for this image?~~
Never mind, my Lemmy app is being weird.
I don't see the image at all on Jerboa lol
Even going directly to the URL at https://mander.xyz/pictrs/image/29140d91-0b42-42b1-9092-4a4c6e59dbe6.png in a clean browser session off a different IP, I get 429 - Too Many Requests in this JSON:
{"code":"object-request-error","msg":"Invalid status 429 Too Many Requests for Some(\"01/93/a1/c7/6a/8f/7c/d9/b9/a4/352f309d98f9.png\") - {\n \"message\":\"Too many requests\"\n}"}
Rare instance moment.
If you're using sync, you wanna open a post before clicking to load the pic so you don't get a lower quality version that's for thumbnail purposes.
I am using Voyager
Thank you. It’s blurry as hell on voyager.
Boost also hates this image
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The ratio between lowest paid and highest paid employee, in all forms of payment and benefits, to all employees (including contractors), should be capped. I'm thinking a ratio somewhere around 1:5 or so.
Have an employee paid only 20k per year? Congrats on your 100k salary Mr. CEO.
Agreed. Btw it is “paid”. “Payed” is a different word entirely. English is weird.
Fuck English, but I fixed my comment
to all employees (including contractors)
Might aswell just make it a multiple of the minimum wage, because somewhere in the chain there will always be someone scrubbing toilets earning next to nothing. Or you end up incentivizing complex structures that try to avoid this cap somehow.
That said i don't think this is the right solution anyways, since it only targets income and not wealth. As long as profit gets made it has to end up somewhere. And i feel like it is much more likely to end up in the owners pockets, than resulting in higher wages. It's similar to how the salaries of successful actors/athletes are obscene, but the alternative would be that the studio/club just makes more profit.
So the more important issue would be to improve mechanisms that redistribute money, from whereever large amounts of wealth accumulate. Like a wealth tax or higher inheritance taxes (or just closing all loopholes that help avoid/reduce it).
However i would definitely also support a higher maximum taxation rate for the super high earners.
Or you end up incentivizing complex structures that try to avoid this cap somehow.
They already do that with hiring employees as contractors, which is why I mentioned it. Any employee they hire gets counted.
That said i don’t think this is the right solution anyways, since it only targets income and not wealth.
Hence why I said payment in any form. That includes benefits, PTO, stocks, everything. The rich still have other shenanigans they pull, sure. But this would at least solve the problem on a salary level.
And i feel like it is much more likely to end up in the owners pockets, than resulting in higher wages.
Agreed, which is why the stock market needs to end. It's the primary means by which they rob the working class.
So the more important issue would be to improve mechanisms that redistribute money, from whereever large amounts of wealth accumulate. Like a wealth tax or higher inheritance taxes (or just closing all loopholes that help avoid/reduce it).
I'd recommend looking into a land value tax system.
The government could incentivize this by a tax formula. Highest paid employee divided by lowest paid employee sets the payroll tax rate for the whole business.
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This has to include part time workers. There is no way the median salary of ROSS is only 8k.
Yea, even at the bare minimum federal wage of 7.25 that's still like 13k/Yr
They wouldn't have those employees be full time because then they would need to pay benefits.
Very true. As a ridiculously underpaid former general manager of a popular pizza place, I can confirm. After the ACA passed I was instructed by my masters to hire more people and give them no more than 25 hours a week. Top performers were given 32 hours a week because we needed to call them in when shit got crazy and they would get close to 40. Nobody gets overtime ever. I worked 50-70 plus all the work I did from home like scheduling and product orders, plus being on call constantly for questions or coverage. All for 36k a year, the federal salary minimum to not get paid overtime.
Luckily we didn't have to stick to the 25 hours thing because turnover was already nuts and nobody but the truly desperate will deal with that.
Speaking of desperation, my wife was in physical therapy school, I walked to work and we had a truly shithole apartment with roaches and bedbugs. I didn't know I could do better due to untreated mental illness and other things. These bitch motherfuckers want everyone to have the mentality I did.
I rant about this a lot.
Doesn't appear to be any correlation with the success or revenue of the company really. They just do whatever they want.
What's the font size to squint ratio?
Yes. That's one crazy-ugly infographic.
Shouldn't it be no more than ten or something?
Savateev suggests(for director to teacher pay ratio in his education system reform), if I remember correctly, no more than 3 times lowest paid worker in top 80% of highest-paid workers.
As a CEO id be stupid to get a salary. Dividends and stocks are much better tax-wise. Well maybe id get a smaller salary for the advantages in retirement and tax-free accounts and everything, but not much more than whats needed.
Stock grants are taxed as regular income.
Edit: downvotes from people who have no idea how stock, compensation, or taxes work, apparently.
Rsus have to vest and then they're taxed when they drop to your account.
That is correct. It's the same as paying taxes on each paycheck, not when your salary is promised.
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I mean, you still have to have some money to survive day to day life.
I wouldn't want my entire income to be based on the company's performance and the whims of the stock market.
Could someone explain Airbnb? Everyone has the same salary?
Brian Chesky, the CEO, gets an annual bonus of around the average of all employees salary. This is completely irrelevant as he is a co-founder and owns 10.6% of the company or around 67 million shares. So at the most recent share price that's $9.17 billion, at least on paper.
Such arrangements are common among tech companies.
Very likely the pay comes in different streams than the actual salary
Yes I don't think this image accounts for the different ways the rich are paid.
I know it's weird, because they have a lot of call center employees that handle various situations. Maybe those aren't counted in the graphic for some reason, because there's no way a call center employee is making close a quarter million dollars.
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Even most of the low ones are outrageous. I'd cap that at 5, maybe 10 on a generous day. Including bonuses and stock options.
What does this actually say if most billionaires like Musk or Bezos pay themselves only a symbolic income of about 1$ (if any)?
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