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Lol if you're worried about that, now compare the C-Suite Exec salary to the average worker salary at large tech companies.

by suyash 5y ago

refurb 5y ago
Pretty entertaining to read all the handwaving why "we're not the rich ones, it's those other guys" all the while making top 1 percentile incomes. Like the old saying goes "An alcoholic is someone who has one more drink than I do".
- 3a2d29 5y ago
  This idea that engineers all make 300k is laughable. Maybe some people on here make that much, but I certainly don't. Not to mention 40k a year puts you in the top 1 percent of salaries worldwide...so unless you make less than that, you are also a top 1 percentile income maker.
- bradlys 5y ago
  Yet most workers I know advocate for better quality of life for everyone. I don’t see capitalists doing that. End of the day - these “highly” paid workers are… workers. They’re not capitalists like their CEOs are.
  - refurb 5y ago
    Capitalist = capital owners = equity. Amazing when tech "workers" making $500K+ per year group themselves in with the "little guy". Someone else being richer doesn't mean you're not rich.
    - all_factz 5y ago
      If you have to work to live, you’re a worker, sorry. 500k a year is a lot but in many places it’s not enough that you can stop working. So yeah, if people who make 500k a year know what’s good for them, they should totally align themselves with “regular” workers. 500k is a lot closer to 50k than it is to 5 million.
    - bradlys 5y ago
      Again - do we really want to put billionaires in the same group as people earning a few hundred K a year? People turn their RSUs into cash to be used. Their RSUs are taxed as income not as capital gains. That alone should give you an idea of the difference between these people. But whatever man - you’re like this on Reddit and on here all the time. You’re extremely stubborn and refuse to move on in life. Have fun with that attitude.
      - refurb 5y ago
        I'm sorry if challenging your ideas is seen as being "extremely stubborn". I mean, if your ideas don't hold up, you should change them, not attack the people who pressure test them. But regardless, silicon valley workers get equity as well that is taxed as capital gains - some times that makes up a very large proportion of their income. This is doubly true with equity from start-ups that might entirely be taxed at long-term capital gains. But the point stands - what's the cut off. Sure, the guy making $40k is different than the billionaire. What about the guy making $500k? $1M? $5M? Now we're in CEO territory. Are CEOs "workers"? The argument just doesn't hold water.
        all_factz 5y ago
        There’s a qualitative difference between having a couple thousand RSUs and having a voting stake in a company. Tech workers are well off, but they’re nowhere near as well off as C-level execs and even less well off than major shareholders in the companies they work at. It’s the difference between being upper middle class and rich.
        refurb 5y ago
        All stockholders have a "voting stake" in a company. C-level execs may get a lot more shares, but their voting power is tiny compared to the institutional investors. Board of Directors have voting power, but often token salaries. But you said it's the difference between "upper middle class" and rich? So I ask again, what's the cut off?

Lol if you're worried about that, now compare the C-Suite Exec salary to the average worker salary at large tech companies.

by suyash 5y ago

Lol if you're worried about that, now compare the C-Suite Exec salary to the average worker salary at large tech companies.

refurb 5y ago

Pretty entertaining to read all the handwaving why "we're not the rich ones, it's those other guys" all the while making top 1 percentile incomes. Like the old saying goes "An alcoholic is someone who has one more drink than I do".

3a2d29 5y ago
This idea that engineers all make 300k is laughable. Maybe some people on here make that much, but I certainly don't. Not to mention 40k a year puts you in the top 1 percent of salaries worldwide...so unless you make less than that, you are also a top 1 percentile income maker.
bradlys 5y ago
Yet most workers I know advocate for better quality of life for everyone. I don’t see capitalists doing that. End of the day - these “highly” paid workers are… workers. They’re not capitalists like their CEOs are.
- refurb 5y ago
  Capitalist = capital owners = equity. Amazing when tech "workers" making $500K+ per year group themselves in with the "little guy". Someone else being richer doesn't mean you're not rich.
  - all_factz 5y ago
    If you have to work to live, you’re a worker, sorry. 500k a year is a lot but in many places it’s not enough that you can stop working. So yeah, if people who make 500k a year know what’s good for them, they should totally align themselves with “regular” workers. 500k is a lot closer to 50k than it is to 5 million.
  - bradlys 5y ago
    Again - do we really want to put billionaires in the same group as people earning a few hundred K a year? People turn their RSUs into cash to be used. Their RSUs are taxed as income not as capital gains. That alone should give you an idea of the difference between these people. But whatever man - you’re like this on Reddit and on here all the time. You’re extremely stubborn and refuse to move on in life. Have fun with that attitude.
    - refurb 5y ago
      I'm sorry if challenging your ideas is seen as being "extremely stubborn". I mean, if your ideas don't hold up, you should change them, not attack the people who pressure test them. But regardless, silicon valley workers get equity as well that is taxed as capital gains - some times that makes up a very large proportion of their income. This is doubly true with equity from start-ups that might entirely be taxed at long-term capital gains. But the point stands - what's the cut off. Sure, the guy making $40k is different than the billionaire. What about the guy making $500k? $1M? $5M? Now we're in CEO territory. Are CEOs "workers"? The argument just doesn't hold water.
      - all_factz 5y ago
        There’s a qualitative difference between having a couple thousand RSUs and having a voting stake in a company. Tech workers are well off, but they’re nowhere near as well off as C-level execs and even less well off than major shareholders in the companies they work at. It’s the difference between being upper middle class and rich.
        refurb 5y ago
        All stockholders have a "voting stake" in a company. C-level execs may get a lot more shares, but their voting power is tiny compared to the institutional investors. Board of Directors have voting power, but often token salaries. But you said it's the difference between "upper middle class" and rich? So I ask again, what's the cut off?