There should be a cap on wages globally. Either money and wealth and output are finite. In which case you earning 715k is roughly 9x what you should be allocated as your portion of global wealth.
Or limited wealth is a construct of society and we keep people living in poverty because we're just inherently cruel and don't want to pay a living wage as support because we need slaves to make our trinkets. We're a shit species.
Lol the same way we control everything else? Through treaties and legislation. Look I'm not saying it's easy and tbh it's not the path I'd take (I'm more for print money give everyone a living wage rather than act using scarcity). I'm just saying given the way economic theory exists atm it's one of the two glaring options for leveling out and fixing the shit levels of inequality that exist at the moment.
Or do you think the current situation is acceptable and should be allowed to continue?
I would say that sovereign countries have the right to determine their own policies. If by "We" you mean the United States we are a massive loser in treaties, we give away much much more than we get. We exert power by having a military 10 times as large as anyone else (and mostly that large by virtue of saving the western world from a Nazi dictatorship) but that margin will cease to exist within the decade and Nazi China will have the worlds largest military and exert the most power and the world will be MUCH worse for it.
There is no better time in the history of humanity to be alive for nearly all people (barring those in war zones / communism). We just cured a novel disease with a vaccine on the order of months, while prior diseases were repeated plagues that killed huge swaths of humanity over millennia. We have so much to be thankful for and so many good things and yet so many are depressed and unhappy.
It stops at 2017, but the trend is holding still in 2021, so, if the world is truly magical and better than any other time in history, why are we killing ourselves?
Maybe I'm wrong, but it certainly seems like there is a problem, while a bunch of people in priveledged positions tell the rest of us to be happy.
You are getting downvoted and that probably proves your point more than your argument. Your argument is really naive, but there is some truth to your conclusion.
IMO, the main data point for your argument should be how many animals, plants and humans we have killed as a species and for what purpose? Unless we recognize these failings as a species, we’ll never get out of our delusional bubble of being good and righteous.
All the salary ranges can be found on levels.fyi already, and the numbers here match that. The hard ceiling from the article is interesting but the numbers probably will be stale soon anyway.
In relative historical terms these wages are incredibly low when Amazon has approximately $289,138 per employee in gross revenue. If you had a similar company in 1970 this payscale would be nearly triple what is reflected with similarly situated employees starting at 1.3x revenue per employee instead of 0.55x.
This isn't a criticism of Amazon in particular but to show in general just how unbelievably low we have allowed wages to fall in the face of historically unprecedented gains in per employee productivity.
The maximum base pay is $160k for the highest roles (all roles in fact). Their revenue per employee is $300k. that's the 0.55.
The parent poster is saying that in the past the top earning employees had a base pay that exceeded the revenue per employee. Since the revenue per employee number is averaged across all employees, it could still be profitable to employ someone for more than that if the value they provided was higher still
Your comment makes no economic sense to me. At what point in time did workers ever get paid in terms of how much revenue their company had per employee? If that were the case grocery clerks should be earning 6 figures.
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[ 5.3 ms ] story [ 73.5 ms ] threadOr limited wealth is a construct of society and we keep people living in poverty because we're just inherently cruel and don't want to pay a living wage as support because we need slaves to make our trinkets. We're a shit species.
Or do you think the current situation is acceptable and should be allowed to continue?
The optimists must have figured out a good coping strategy for cognitive dissonance.
Looking on the bright side is...well, less than half of the full picture, if you ask me.
It stops at 2017, but the trend is holding still in 2021, so, if the world is truly magical and better than any other time in history, why are we killing ourselves?
Maybe I'm wrong, but it certainly seems like there is a problem, while a bunch of people in priveledged positions tell the rest of us to be happy.
Shoot me over your email address and we'll make this happen.
IMO, the main data point for your argument should be how many animals, plants and humans we have killed as a species and for what purpose? Unless we recognize these failings as a species, we’ll never get out of our delusional bubble of being good and righteous.
This isn't a criticism of Amazon in particular but to show in general just how unbelievably low we have allowed wages to fall in the face of historically unprecedented gains in per employee productivity.
Could you explain this? I don't understand.
The parent poster is saying that in the past the top earning employees had a base pay that exceeded the revenue per employee. Since the revenue per employee number is averaged across all employees, it could still be profitable to employ someone for more than that if the value they provided was higher still
https://github.com/iamadamdev by pass paywalls :)