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I make around 600k. My employer has enough cash in the bank to give every single full time employee a bonus of more than half a million dollars. Net income per
by UncleMeat 3y ago
I make around 600k. My employer has enough cash in the bank to give every single full time employee a bonus of more than half a million dollars. Net income per quarter is something like 100k per full time employee.
Yes, I am incredibly fortunate. Yes, I make a very very large amount of money compared to a typical american worker. Still, I capture only a fraction of the value I generate for my employer.
- xyzelement 3y ago// I make around 600k ... Still, I capture only a fraction of the value I generate for my employer. There seems to be a two way street here. Presumably if you could make 600K or more by yourself, you'd be doing that rather than working for your employer. Your employer, likely way before you got there, created an environment where you could come in and earn this much. If they and companies of that profile didn't exist, would you have a place to earn even 200K? So maybe you actually are splitting the value you are generating half-way.
- UncleMeat 3y agoThe other people working for my employer created that environment. The shareholders who own pieces of it didn't do that.
- xyzelement 3y agoWould you agree at least that the founders and initial employees took on the most risk and did the bulk of the heavy lift to get the company to that place? EG does the proverbial guy who ran the company out of his garage for 5 years funding it on his credit card deserve outsized reward for the risk and work he put in?
- loco5niner 3y agoYes, but the way shares work is that someone paid either the original founders or the company itself for a share, then someone paid that person, and so on. The current shareholders are certainly profiting, but they exist only because the company needed them to exist in order to create the company as it is now.
- WalterBright 3y agoThe shareholders literally provided the cash to get the company started and sustained until it was profitable.
- HDThoreaun 3y ago> I capture only a fraction of the value I generate for my employer. I think this is a misunderstanding of how companies perceive value. You could be making your company a billion dollars a year, but if any schmuck off the street could do the same you're not actually providing much value at all. Your value is the difference between what you provide and what a similar replacement worker would provide.
- epups 3y agoClearly they can't find a "random schmuck" willing to do it for less than 600k.
- HDThoreaun 3y agoRight, Mr. Meat's value to their company is at least $600k otherwise they wouldn't be making that much. We have no idea how high above that it is though even though the company is extremely profitable because they might be easy to replace for 700k
- WalterBright 3y agoYou and those employees can quit and start their own business and you can capture 100% of that value for yourselves. If you don't want to do that, doesn't that admit the company is providing that value, not you? For example, I know a top salesman at Microsoft. He'd call up a customer, drop in, get ushered right in to see the CEO, and close another sale. One day, he decided to capture that value he was provided by working for a startup. He did not close a single sale the entire year. He could not get an appointment with any CEO. He finally quit and got his old job back at Microsoft.
- WalterBright 3y agoMicrosoft has produced a lot of people who made gobs of cash at Microsoft, and left to form startups for the easy money. Only to get a very rude shock about how hard it is to make money with a company.