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$3.4 million is a not even funny bad napkin mathematics. Just thinking of the work done by the moderators of /r/science, /r/AskScience, or /r/AskHistorians, not

$3.4 million is a not even funny bad napkin mathematics. Just thinking of the work done by the moderators of /r/science, /r/AskScience, or /r/AskHistorians, not to speak of the moderators that handle celebrities AMA [1], and even $300 million would be a low amount if the platform really cared about the ones that make sure the platform is not a steaming pile of poppycock. [1] "The Reddit moderators who coordinate many celebrity AMAs will no longer do so", https://www.theverge.com/2023/7/1/23781306/reddit-moderators-iama-celebrity-ama https://www.theverge.com/2023/7/1/23781306/reddit-moderators...

arbitrage 3y ago
You're making the mistake of assuming that 100% of the unpaid work performed by a few niche subreddits converts to equivalent wages on the free labour market. Is anyone going to pay first-world wages for someone to moderate a subreddit? It doesn't seem like anyone is willing to do so, because the mods do it for free. Nobody is willing to pay for this service. Social media companies that do pay for moderators tend to pay them not well at all. It's not a great job. It burns people out. It is in fact entry-level no-experience-needed grunt work. Your calculations are vastly over-inflated.
- ly3xqhl8g9 3y ago
  The caveat was "if the platform really cared". For instance, if I was running a platform that had such an interesting (and important, one might argue) social phenomenon as the Ask Me Anything of celebrities or of vacuum repair techs [1] reaching 22+ million people I would pay the ones doing the work way beyond the equivalent wages of "free labour market". But what do I know, I generally regard exploitation as bad and social media companies as a scourge. [1] Famous AMA, https://www.reddit.com/r/IAmA/comments/adiidz/iama_reddits_own_vacuum_repair_tech_and_ive_lost/ https://www.reddit.com/r/IAmA/comments/adiidz/iama_reddits_o...
- bbwbsb 3y ago
  Some moderators have public personas which are valuable to a community, have built up trust, have specific hard to find skills, contribute valuable content, etc. If a moderator (or set of moderators) are able and willing to move a community, the market price of their work is the greater of what Reddit is willing to pay them and how much revenue they can receive from moving their community and capitalizing on it themselves.

arbitrage 3y ago

You're making the mistake of assuming that 100% of the unpaid work performed by a few niche subreddits converts to equivalent wages on the free labour market. Is anyone going to pay first-world wages for someone to moderate a subreddit? It doesn't seem like anyone is willing to do so, because the mods do it for free. Nobody is willing to pay for this service. Social media companies that do pay for moderators tend to pay them not well at all. It's not a great job. It burns people out. It is in fact entry-level no-experience-needed grunt work. Your calculations are vastly over-inflated.

ly3xqhl8g9 3y ago
The caveat was "if the platform really cared". For instance, if I was running a platform that had such an interesting (and important, one might argue) social phenomenon as the Ask Me Anything of celebrities or of vacuum repair techs [1] reaching 22+ million people I would pay the ones doing the work way beyond the equivalent wages of "free labour market". But what do I know, I generally regard exploitation as bad and social media companies as a scourge. [1] Famous AMA, https://www.reddit.com/r/IAmA/comments/adiidz/iama_reddits_own_vacuum_repair_tech_and_ive_lost/ https://www.reddit.com/r/IAmA/comments/adiidz/iama_reddits_o...
bbwbsb 3y ago
Some moderators have public personas which are valuable to a community, have built up trust, have specific hard to find skills, contribute valuable content, etc. If a moderator (or set of moderators) are able and willing to move a community, the market price of their work is the greater of what Reddit is willing to pay them and how much revenue they can receive from moving their community and capitalizing on it themselves.