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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

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[-] 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)

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