605

Fear of cheap Chinese EVs spurs automaker dash for affordable cars (www.reuters.com)

submitted 11 months ago by boem@lemmy.world to c/technology@lemmy.world

230 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[-] Holyhandgrenade@lemmy.world 26 points 11 months ago* (last edited 11 months ago)

I hate it when corpos use the "oh we can't lower prices because our staff is getting paid too much"-narrative. What about the CEO who takes half the profits for himself?
It's the workers who create value for a company, they don't take it away by getting paid for their work.

[-] alvvayson@lemmy.world 1 points 11 months ago

The 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.

this post was submitted on 10 Dec 2023

605 points (98.4% liked)

Technology

59590 readers

2888 users here now

This is a most excellent place for technology news and articles.

Our Rules

Follow the lemmy.world rules.
Only tech related content.
Be excellent to each another!
Mod approved content bots can post up to 10 articles per day.
Threads asking for personal tech support may be deleted.
Politics threads may be removed.
No memes allowed as posts, OK to post as comments.
Only approved bots from the list below, to ask if your bot can be added please contact us.
Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago

MODERATORS