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Back 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 w
by solatic 9y ago
Back 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.