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Cake day: October 20th, 2024

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  • Revenue and market cap are two different things. The 2 trillion you mentioned is market cap, not revenue, much less it is profit.

    I agree it would be a prettier picture if companies paid their workers fairly. But the companies would grow differently. Maybe they would grow better, but differently and more distributed. Comparing absolute values between our world and this dreamland seems silly though.

    And I hope that in a world where we are paid fairly we would produce less crap, pollute less. Workers wouldnt be desperately making bad/useless products in order to just survive. A smaller gdp could be a good thing.


  • If they had to pay them that much, they would have never hired most of them.

    exactly. A company tant doesnt overexplore its workers cannot grow like alphabet did. The underpayment of the workers is an essential feature of alphabet, and part of what makes its market capitalization that high.

    This implies that the answer to my question is “no”: if the workers had been paid properly from the start, there wouldnt be the discrepancy that makes the founder billionaires.






  • well, i simply dont agree that googles worth comes down to the work of those two people. what they did may have been necessary for the success of google, but so was the work of a lot of their employees.

    again, the www is founded on the work of uncountably many people. the person credited is usually the one at the end of the chain of production. the end of the chain is necessary for there to be a product at all, but each of the other nodes of the chain is equally as important.




  • zeca@lemmy.eco.brtomemes@lemmy.worldThe only good billionaire
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    12 days ago

    people become billionaires through wage theft. that money should not be his to give in the first place. Plus, the starving are unemployed because the unemployment rate is artificially controlled economically in order to pressure the working class into accepting bad work conditions.