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People are worth more. Look the amount of profits/employee that Google, Apple or Facebook have. GM, Kodak or any other "old" company needed an order of magnitud

by neves 9y ago

People are worth more. Look the amount of profits/employee that Google, Apple or Facebook have. GM, Kodak or any other "old" company needed an order of magnitude more employees. Sure, with the demise of Communism, the capitalists appropriate this increase in productivity. Can anyone here make the following calculation? How much would be the wage of a Google engineer proportionally to the profit generated by a GM engineer in the 50's.

neves 9y ago
Here is my imprecise calculations from some quick searchs: Profit GM em 1955: 1 billion http://content.time.com/time/magazine/article/0,9171,807967,00.html http://content.time.com/time/magazine/article/0,9171,807967,... 1955 today: $9,042,397.00 https://www.dollartimes.com/inflation/inflation.php?amount=1&year=1955 https://www.dollartimes.com/inflation/inflation.php?amount=1... GM Employees in 1955: 576,667 http://247wallst.com/investing/2010/09/21/americas-biggest-companies-then-and-now-1955-to-2010/ http://247wallst.com/investing/2010/09/21/americas-biggest-c... Google employees in 2015: 57,100 https://www.google.com.br/search?q=number+google+employees&ie=utf-8&oe=utf-8&client=firefox-b-ab&gws_rd=cr&dcr=0&ei=byLFWeXYMYnDwAT5l7mYAw https://www.google.com.br/search?q=number+google+employees&i... Google operating income in 2015: $23 billion http://www.businessinsider.com/alphabet-google-q4-2015-earnings-2016-2 http://www.businessinsider.com/alphabet-google-q4-2015-earni... GM profit/employee: 9 Google profit/employee: 403,000 So a Google employee would have a wage 45,000 times that of a 1955 GM engineer. I couldn’t find an amount for the wage of an engineer in 1955 to get a final result. It is an unfair calculation. Google workforce proportionally has a lot more engineers than GM in the 50’s. Their wages would be way bigger than this.

by neves 9y ago

neves 9y ago

Here is my imprecise calculations from some quick searchs: Profit GM em 1955: 1 billion http://content.time.com/time/magazine/article/0,9171,807967,00.html http://content.time.com/time/magazine/article/0,9171,807967,... 1955 today: $9,042,397.00 https://www.dollartimes.com/inflation/inflation.php?amount=1&year=1955 https://www.dollartimes.com/inflation/inflation.php?amount=1... GM Employees in 1955: 576,667 http://247wallst.com/investing/2010/09/21/americas-biggest-companies-then-and-now-1955-to-2010/ http://247wallst.com/investing/2010/09/21/americas-biggest-c... Google employees in 2015: 57,100 https://www.google.com.br/search?q=number+google+employees&ie=utf-8&oe=utf-8&client=firefox-b-ab&gws_rd=cr&dcr=0&ei=byLFWeXYMYnDwAT5l7mYAw https://www.google.com.br/search?q=number+google+employees&i... Google operating income in 2015: $23 billion http://www.businessinsider.com/alphabet-google-q4-2015-earnings-2016-2 http://www.businessinsider.com/alphabet-google-q4-2015-earni... GM profit/employee: 9 Google profit/employee: 403,000 So a Google employee would have a wage 45,000 times that of a 1955 GM engineer. I couldn’t find an amount for the wage of an engineer in 1955 to get a final result. It is an unfair calculation. Google workforce proportionally has a lot more engineers than GM in the 50’s. Their wages would be way bigger than this.