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> TSMC pays very well Many big companies indeed pay relatively well in comparison to other professions, but workers are heavily underpaid. You can't justify th
by varispeed 6y ago
> TSMC pays very well
Many big companies indeed pay relatively well in comparison to other professions, but workers are heavily underpaid. You can't justify the fact that companies have multi-billion profits and they pay "market rate" salaries at the same time. This is exploitation of workers, but because the amount they are being paid seems to be big, nobody seems to be protesting.
Most tech workers should be earning in seven digits.
- fossuser 6y agoI think it's more akin to sanctions on doing business in Iran. The CCP is a direct hostile threat to Taiwan, I can understand why they're doing this.
- liuliu 6y agoThen just do a sanction on business with mainland like U.S. did with Iran. As it is, these are very targeted moves. Taiwan to decoupling from China would only be good for them.
- luckylion 6y agoWouldn't they do the same if it was France poaching them? The language and cultural barrier make it harder for European or American countries to recruit them, but I have no doubt they'd react similarly if they saw significant numbers leaving for Europe.
- jsmcgd 6y ago> Most tech workers should be earning in seven digits According to which metric?
- ev1 6y ago1 million Taiwan dollars is 30k USD
- refurb 6y agoCompensation isn’t dependent upon value added. That simply indicates a soft ceiling to compensation. It’s all about supply and demand. If there is a supply of skilled people will to work for $X, that’s the comp.
- varispeed 6y agoI wonder how companies marketing their roles at "market rates" does not amount to wage-fixing? If every company agrees that work should cost them $x at most, then you don't really have supply and demand principle. I think this is only legal because because it is hard to prove within current legal framework. I think we should have a regulation that will make employers redistribute 30% of profits among workers as a bonus. That may of course lead to companies making artificial loses (as they do to avoid paying corporation tax) and ultimately a cat and mouse game.
- refurb 6y agoWell, unless companies collude (tech is a good example a while back), they compete for labor so you’d assume they arrive at the market rate eventually. As you said, mandating they distribute profits will just result in gaming the system.
- cercatrova 6y agoThe labor market, just like any market, prices goods according to supply and demand, not value.