Comment on The salaries of Wikimedia executives are sparking an online debate about tech sector wages

• cryptosporidium140@lemmy.world ⁨6⁩ ⁨months⁩ ago

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  • prole@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

    They’d just do what they always do and make the money elsewhere (mostly using accounting tricks), and claim they made $0 in income.

    Good luck going tit for tat with capital. They always win.

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  • Blackhole@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

    I don’t think the raises would be as big as you think.

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• Touching_Grass@lemmy.world ⁨6⁩ ⁨months⁩ ago

  Look up mondragon Spain. Its a town in Spain whose economy was struggling after WWII. They turned it around by adopting a cooperative business model. This means all employees are owners. So all employees get to vote how the company operates. Essentially executives work for share holders right. With cooperatives, the share holders are partially employees creating this business oroboro where your boss and their boss have an interest in keeping you Happy as an employee. And as employees you’re invested in keeping the company profitable. They have voted on rules like the CEO pay is tied to the lowest salary in the company. It can never be more than X amount of the lowest salary. If the want it to raise they have to increase all salaries in the company first.

  They don’t get filthy stinking rich. But what they have shown is that the people living there score happier than others. They also show that they are economically more resilient. For close to a 100 years they have with stood lots of recessions and economic down turns.

  theguardian.com/…/mondragon-spains-giant-cooperat…

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• prole@sh.itjust.works ⁨6⁩ ⁨months⁩ ago

  In addition to Mondragon, look into co-determination laws in places like Germany, where they have profit sharing, and a certain % of a company’s board needs to be made up of actual workers.

  This can be done.

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• RobotToaster@mander.xyz ⁨6⁩ ⁨months⁩ ago

  I stand by my opinion that CEO pay should be pegged to the “lowest” employee on the totem pole

  And congressman/representative salary should be pegged to minimum wage.

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• BearOfaTime@lemm.ee ⁨6⁩ ⁨months⁩ ago

  Why?

  You’ve use the word “should”, which means you’re applying a value judgement. On what metrics are you basing this value judgment? Does a company perform better using this guideline? Do they lower any risks? Does this increase retention? Improve cross-team communication? Reduce waste or losses?

  While I also personally think these salaries are insane, without answering about a thousand more similar questions, there’s no justification for the metric you’ve provided.

  Another way to look at it: if a company could hire someone for less, and get similar results, wouldn’t they?

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  • Kyle_The_G@lemmy.world ⁨6⁩ ⁨months⁩ ago

    so heres where I disagree, if you’re paying the minumum you’re attracting the minimum, the reverse can be said for the worker, why work here when I can get more elsewhere? with pegging the top and bottom rungs of the ladder and spreading the income everyone is motivated to come in to work everyday because they know that if they take care of their work, their work will take care of them. I don’t think thats radical. everyone wins.

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