4 ms·

A billion of the profit increase is from expected depreciation adjustment, but growing profit by 2.5x in one year if bonkers. Search made $7 billion more this y

A billion of the profit increase is from expected depreciation adjustment, but growing profit by 2.5x in one year if bonkers. Search made $7 billion more this year and as far as I can tell is effectively exactly the same as it was last year. Goes to show how much advertising money has shifted away from traditional forms like tv/radio/print during the pandemic.

paxys 6y ago
It's becoming more and more obvious just how devastating the pandemic was to "traditional" industries already on the decline, while big tech corps largely reaped all the advantages.
- varispeed 6y ago
  It's a shame that these advantages didn't trickle down to employees. I cannot see any increase in tech wages. Maybe employees should demand 30% of what is revenue per employee figure. If companies like Google find okay to charge developers 30%, then employees maybe should unionise and get paid what they deserve.
  - ffggvv 6y ago
    employees get a fair bit of stock. my friends at google have seen their comp raise 20 or 30 percent from the stock rise in the last year
    - varispeed 6y ago
      There are usually strings attached when it comes to stocks. It's not like you open an account at one of stock trading shops and you get a voucher to buy X amount of stocks. I know few people who left companies who paid this way, and they never could exercise their stocks. For me this is as close to a scam as it gets.
      - ffggvv 6y ago
        i worked there and other companies. They give you stock units every month and you can sell them when you get them. (except for short amount of time around earnings report) Its not a scam. its as good as cash if you sell them right when you get them. youre talking about startups not google which give options not RSUs
  - ur-whale 6y ago
    First, Google employees are amongst the best paid in the entire world. There is a point where giving people a raise becomes counter-productive. Second, this whole "what they deserve" idea is just plain weird to me: - salaries have strictly nothing to do with "what you deserve": they are a function of supply and demand in the labor market. - one of the (many) reason Google is making so much money is because they can (because of the business they're in) and *have* automated a huge fraction of their day-to-day operations. So ... if the work is done by robots, what is this "deserve" thing you speak of?
    - varispeed 6y ago
      > First, Google employees are amongst the best paid in the entire world. How is that relevant? Just because they get relatively big salaries, it doesn't mean what they get is just. > one of the (many) reason Google is making so much money is because they can (because of the business they're in) and have automated a huge fraction of their day-to-day operations. So ... if the work is done by robots, what is this "deserve" thing you speak of? There is a lot to unpack here, but I'll just say that this is not relevant, as revenue per employee figure clearly indicates that people are heavily underpaid.
      - ur-whale 6y ago
        > that people are heavily underpaid. If they were, they'd be looking for a job elsewhere. This is how market economies work. This whole "deserve" and "justice as applied to salary" business you seem to insist on reeks of collectivism.
        varispeed 6y ago
        These big companies are well beside the market economy. The special rules should apply. I think that these companies don't pay as much as they should because there is no pressure and that should change. Many developers are unaware how they get fleeced and they think their well above average salaries is what everyone else is getting in that space and it is not correlated with the value they produce at all. This is something a regulator should look into. Above certain threshold their pay should be tied to the revenue per employee figure at 15-30% mark.
  - colinmhayes 6y ago
    Your use of deserve makes no sense. No one deserves anything beyond what they're offered in the free market. If they think they can do better they're free to do so.
  - andrekandre 6y ago
    i wonder how to define "deserved"...maybe 50/50 split between employees and shareholders?

paxys 6y ago

It's becoming more and more obvious just how devastating the pandemic was to "traditional" industries already on the decline, while big tech corps largely reaped all the advantages.

varispeed 6y ago
It's a shame that these advantages didn't trickle down to employees. I cannot see any increase in tech wages. Maybe employees should demand 30% of what is revenue per employee figure. If companies like Google find okay to charge developers 30%, then employees maybe should unionise and get paid what they deserve.
- ffggvv 6y ago
  employees get a fair bit of stock. my friends at google have seen their comp raise 20 or 30 percent from the stock rise in the last year
  - varispeed 6y ago
    There are usually strings attached when it comes to stocks. It's not like you open an account at one of stock trading shops and you get a voucher to buy X amount of stocks. I know few people who left companies who paid this way, and they never could exercise their stocks. For me this is as close to a scam as it gets.
    - ffggvv 6y ago
      i worked there and other companies. They give you stock units every month and you can sell them when you get them. (except for short amount of time around earnings report) Its not a scam. its as good as cash if you sell them right when you get them. youre talking about startups not google which give options not RSUs
- ur-whale 6y ago
  First, Google employees are amongst the best paid in the entire world. There is a point where giving people a raise becomes counter-productive. Second, this whole "what they deserve" idea is just plain weird to me: - salaries have strictly nothing to do with "what you deserve": they are a function of supply and demand in the labor market. - one of the (many) reason Google is making so much money is because they can (because of the business they're in) and *have* automated a huge fraction of their day-to-day operations. So ... if the work is done by robots, what is this "deserve" thing you speak of?
  - varispeed 6y ago
    > First, Google employees are amongst the best paid in the entire world. How is that relevant? Just because they get relatively big salaries, it doesn't mean what they get is just. > one of the (many) reason Google is making so much money is because they can (because of the business they're in) and have automated a huge fraction of their day-to-day operations. So ... if the work is done by robots, what is this "deserve" thing you speak of? There is a lot to unpack here, but I'll just say that this is not relevant, as revenue per employee figure clearly indicates that people are heavily underpaid.
    - ur-whale 6y ago
      > that people are heavily underpaid. If they were, they'd be looking for a job elsewhere. This is how market economies work. This whole "deserve" and "justice as applied to salary" business you seem to insist on reeks of collectivism.
      - varispeed 6y ago
        These big companies are well beside the market economy. The special rules should apply. I think that these companies don't pay as much as they should because there is no pressure and that should change. Many developers are unaware how they get fleeced and they think their well above average salaries is what everyone else is getting in that space and it is not correlated with the value they produce at all. This is something a regulator should look into. Above certain threshold their pay should be tied to the revenue per employee figure at 15-30% mark.
- colinmhayes 6y ago
  Your use of deserve makes no sense. No one deserves anything beyond what they're offered in the free market. If they think they can do better they're free to do so.
- andrekandre 6y ago
  i wonder how to define "deserved"...maybe 50/50 split between employees and shareholders?