Comment on Fear of cheap Chinese EVs spurs automaker dash for affordable cars
alvvayson@lemmy.world 6 months agoThe sad fact of the matter is… math
A corporation might have 10 C-level guys dividing $50 million amongst themselves and 10.000 workers earning $70K, which costs about $100K due to overheads (health insurance, retirement, etc). Together, that’s a billion, which is 20x more than the C level guys.
The C level guys aren’t the big expense, not by a long shot.
Labour, government and shareholders divide most of the earnings amongst themselves.
For the record, I do think we need to tax the wealthy more and the workers less.
Viking_Hippie@lemmy.world 6 months ago
Without the workers there’s no product, no income. The C-suite is dispensable. The workers aren’t.
Besides, worker productivity has been skyrocketing for the last 50 years, as has cost of living, but worker wages have been stagnant. C-suite pay has kept up with the increase in productivity, though, if not outpaced it.
alvvayson@lemmy.world 6 months ago
I have no disagreement on this argument.
But C-suite compensation is not a significant part of prices.
Energy prices, tax, labour costs and the cost of capital (i.e. returns to shareholders and creditors) are what drives prices.
Viking_Hippie@lemmy.world 6 months ago
Fixed that for you. They’re raking it in while blaming it on everything except their own profiteering. It’s greedflation , pure and simple.
alvvayson@lemmy.world 6 months ago
You are literally contradicting yourself.
And it’s childish to downvote someone who is actually responding to you.
I’m not going to waste my time on someone who can’t be reasonable and civil.