this post was submitted on 20 Aug 2023
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Thats literally 5-6x the median annual income what the hell are you smoking. That is a life changing amount of money to most of the country.
They took that profit from the people working there. Profit is the difference between expenses and income. In order to turn a profit companies cannot pay workers what their work earns the company, there has to be a difference. In economic parlance this difference is referred to as surplus value being generated by the workers for the company. If workers were paid what they were worth then the profit margin of that company would be 0% but those people would all be paid more than they are now. Whether you think the workers are entitled to the full value of what they create is an ideological determination that I will judge you for.
1: didn't touch that for some reason
2: I am aware they ran on venture capital. You didn't address where they take their profit from now that they've achieved their dream near-monopoly status. That status that would have been impossible without their thousands of employees to begin with.
No. This is absolutely wrong. There's an entire grading system involved.
Lol eat shit, lib