3 ms·

> Do you really feel "rich" as a hired employee? Relatively rich, yes. I don't think any other kind of rich exists – there's always a bigger fish :) Were we on

> Do you really feel "rich" as a hired employee? Relatively rich, yes. I don't think any other kind of rich exists – there's always a bigger fish :) Were we on a different website with a different audience we may be having this conversation about private jets – or a dinner at a restaurant. Perhaps "rich" was the poor choice of the word (no pun intended), but I think the meaning is preserved. And yes, you're right: it's not because of me, I'm just a bigger cog in the same machine, and similarly exploited, just for a bigger share. It is because of the capitalists – but I believe that's what the discussion is about here. Gitlab deciding that it's not worth it to them to pay everyone equally (or according to their value) because it's “not worth it” for them – they won't be able to keep as much to themselves. Their arguments for it[1] are as weak as it gets: they literally say that they don't want to pay people better because they'd rather acquire more companies – that surely makes the underpaid employees feel better. [1] https://about.gitlab.com/company/culture/all-remote/compensation/#why-do-you-pay-local-rates https://about.gitlab.com/company/culture/all-remote/compensa...

bmn__ 7y ago
> I don't think any other kind of rich exists There are many definitions. I think the most useful and wide-spread one – even among non-economists – is from the OECD: you are rich if your household equivalised disposable income is ≥150% of the median of the country. If you want to find out whether you meet the criterium, then try to find some newspaper articles on the Web about the poverty line or poverty gap that embed JS calculators. Otherwise see http://enwp.org/Equivalisation http://enwp.org/Equivalisation if you want to crunch the numbers yourself.
- tadzik_ 7y ago
  > you are rich if your household equivalised disposable income is ≥150% of the median of the country Sounds sensible, thanks.

bmn__ 7y ago

> I don't think any other kind of rich exists There are many definitions. I think the most useful and wide-spread one – even among non-economists – is from the OECD: you are rich if your household equivalised disposable income is ≥150% of the median of the country. If you want to find out whether you meet the criterium, then try to find some newspaper articles on the Web about the poverty line or poverty gap that embed JS calculators. Otherwise see http://enwp.org/Equivalisation http://enwp.org/Equivalisation if you want to crunch the numbers yourself.

tadzik_ 7y ago
> you are rich if your household equivalised disposable income is ≥150% of the median of the country Sounds sensible, thanks.