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The problem is that the workers in the industry are severely underpaid. Even the "above average" pay may actually be way below what the workers should be gettin
by varispeed 6y ago
The problem is that the workers in the industry are severely underpaid. Even the "above average" pay may actually be way below what the workers should be getting.
Let's say they have 50000 employees and for simplicity let's look at their 17 billion profit last year. Based on industry standard margin of 30%, each employee should be getting 100k USD extra a year on top of what they already make. That not adjusted for the role - some should be getting 1 million and others 10k.
It's a pure exploitation however you dress it.