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> $300M/year in revenue, or enough to afford 1000 $300K/year engineers [or actually more like 1000 $200K/year engineers once you figure in overhead]. I think y
by jedrek 9y ago
> $300M/year in revenue, or enough to afford 1000 $300K/year engineers [or actually more like 1000 $200K/year engineers once you figure in overhead].
I think you're massively underestimating overhead. Each person who works on a product should make a max of 15-25% of what they bring in. If you have a repair shop and you charge $100/h, you should be paying your techs $15-25.
- solatic 9y agoBack of the envelope calculations: $1 billion a month is about $1.4 million an hour 24/7. $300,000 + ~$50,000 in benefits / 260 working days yearly / 8 hour work days is about $170 an hour. That works out to earning about 0.012% of what they bring in. Netflix is a bad example because, like most media companies, the vast majority of their expenses go towards media licensing and production. So while it's easy to paint their engineers as overpaid compared to the labor market, it's very difficult to paint their engineers as overpaid relative to their product.