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No it's not "often" that high. Here's the list of the top 20 highest earnings per employee per year: https://www.businessinsider.com/apple-facebook-alphabet-mo
by spacehome 8y ago
No it's not "often" that high. Here's the list of the top 20 highest earnings per employee per year: https://www.businessinsider.com/apple-facebook-alphabet-most-profitable-companies-per-employee-2017-12 https://www.businessinsider.com/apple-facebook-alphabet-most...
Industrial Bank is #20 at $144k. That means that unless you work at one of the 20 companies on that list, your company is making less than $144k in earnings per employee. That profit is then taxed, and only a fraction of that is returned to shareholders, with the rest re-invested in the business.
So there's no way it's often hundreds of thousands.
- ahelwer 8y agoMany corporations have used debt-financed stock buybacks.
- kgwgk 8y agoAt least those are not done through the exploitative appropriation of the surplus value produced by the worker.
- ahelwer 8y agoOf course they are! The full debt will be repaid in time, with interest. Where does that money come from?
- kgwgk 8y agoSometimes the full debt is not repaid. In that case the money comes from the lenders and bond-holders and they never get it back. And the shareholders also lose everything in that scenario, of course.
- longtermsec 8y agoThe money for the interest payments comes from taxes!
- spacehome 8y agoThat money comes from future earnings. Averaged over the whole economy, it doesn't have a net effect.