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5 million RMB is only 800k USD. For comparison, a livestream star in China can sell $2 billion worth of goods in a day. China has over 1 billion people. The
by nowherebeen 5y ago
5 million RMB is only 800k USD. For comparison, a livestream star in China can sell $2 billion worth of goods in a day. China has over 1 billion people. The country is donating what is amount to 1 FANG employee's annual salary. This amount is like giving a penny just to appear neutral to both sides. They are donating to buy the argument that they care.
Update:
For those still unconvinced, a neighboring economy with equivalent to 5% of China's GDP donated 27 tons of medical supplies. Anyone with knowledge want to calculate the market value of each ton of medical supply?
- onlyrealcuzzo 5y ago> The country is donating what is amount to 1 FANG employee's annual salary. >70% of employees at FAANG make less than $800k per year.
- nowherebeen 5y agoWith this year's crazy tech stock appreciation, I would hope they would be making somewhere close to this from RSU. But okay, 2 FANG employees :)
- btheshoe 5y ago30% make more than 800k???
- powerapple 5y agoI guess they should donate weapons instead, because missiles are always expensive than blankets for refuges.
- limoce 5y agoA sample point: 5 million RMB is worth of an 80m² apartment in Shanghai, but many ordinary Chinese need to pay a 10~30 yr mortgage. Average salaries are not that high in China.
- seanmcdirmid 5y agoReal estate is crazier in China than in the USA when you compare housing costs to local salaries, or even when you compare Chinese housing costs to American salaries. I relocated from Beijing back to Seattle so I could buy a house.
- dgellow 5y agoFANG salaries are now $800k a year in the US?! That sounds insane from my European perspective. Or are we talking management level?
- GauntletWizard 5y agoDefinitely management, but quite possibly middle-management, not that high.
- barry-cotter 5y ago$200K is entry level for Google in the Bay Area. $800K is probably 95th. percentile for individual contributors but you don’t have to be management to hit that. It is rare.
- rg111 5y agoI am curious. How does entry level for Google in Europe looks like? Both in UK and non-UK countries?
- barry-cotter 5y agoZurich. L3 is $195K (entry level), L5 $315K, L6 $400,000. Looks like the bottom is similar to Mountain View and higher levels are lower for Google. https://www.levels.fyi/comp.html?track=Software%20Engineer&city=6736 https://www.levels.fyi/comp.html?track=Software%20Engineer&c...
- zaphirplane 5y agoDepends on how you count the year 3 personal jet
- dgellow 5y agoWhat? Is it a joke or an actual thing?
- Bancakes 5y agoTo bring perspective, Bosch Germany recently donated a million euros (1.1 mil USD) to the red cross and opened its surrounding-country offices as refugee shelters (Stefan Hartung interview). But its a very welcome donation by CRC considering the political move.
- koonsolo 5y agoSo how much money did you donate? Was it enough compared to your income?
- nowherebeen 5y agoDefinitely more than you? Stupid questions get stupid answers. By the way, when China used to have disasters, international communities use to donate 10x that amount. Some food for thought.
- koonsolo 5y agoIt's not a stupid question. When you judge others about how much they donate, do you hold yourself to the same standard? I donated 1 month of my paycheck to Ukraine. And notice how I'm not complaining that anyone donated too little. I think Ukraine can use any help they can get. And if the Chinese Red Cross donates whatever, that is great. If you donated a lot, then I agree that you're allowed to judge others. But as long as you don't hold yourself to your own standard, I suggest you look in the mirror first.
- nowherebeen 5y agoIt is a stupid question. You are comparing the nominal value of an individual donation vs. a country. As my original comment stated, if you compare country to country, its the least amount they can give. The fact you can't understand scale isn't my problem. And perhaps develop some critical thinking skills instead of telling others to buy a mirror. Here's the definition for you (just in case): Critical thinking is the analysis of available facts, evidence, observations, and arguments to form a judgment. What you are effective saying is that I should keep my mouth shut because any help they can get we should be grateful. Despite the fact, their government knew of this attack even before and support the attack on Ukraine by actively spreading Russian propaganda saying the Ukrainians deserve it. As for saying I can't judge the motivations of the Chinese government until I donate as much as them is just.. ¯\(°_o)/¯ ?! What kind of logic is that? Pay-to-judge? What (https://i.imgur.com/lB5wmMp.png https://i.imgur.com/lB5wmMp.png)?! Oh man.. This is truly the first head scratcher I have ever encountered here.
- vannevar 5y agoTruly the least China can do, given the massive financial support they are providing to Putin to facilitate his war effort.