550
How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary
(lemmy.world)
Found on imgur https://imgur.io/gallery/gqItf8e
this post was submitted on 15 Nov 2023
550 points (93.2% liked)
Work Reform
9965 readers
84 users here now
A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.
Our Philosophies:
- All workers must be paid a living wage for their labor.
- Income inequality is the main cause of lower living standards.
- Workers must join together and fight back for what is rightfully theirs.
- We must not be divided and conquered. Workers gain the most when they focus on unifying issues.
Our Goals
- Higher wages for underpaid workers.
- Better worker representation, including but not limited to unions.
- Better and fewer working hours.
- Stimulating a massive wave of worker organizing in the United States and beyond.
- Organizing and supporting political causes and campaigns that put workers first.
founded 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
I seriously doubt that these are profits. These are revenue.
Even if we compare it to profits the time frame just switch to minutes. Walmart made a net profit after taxes of 14 billion. That translates to 26k per minute.
Yes, it’s a big company.
Shouldn't the discussion revolve solely around SPENDABLE income? Am I misunderstanding something? I'm sure I am.
No, salaries are based a pre-tax basis. In other words you’re told you’ll make $120,000 per year, that amount is before taxes.
I thing comparison to the employee salary makes no sense whatsoever. Different businesses have different expenditure structures depending on various things, like the type of business their are doing. In some companies, salaries might be dominating expense, in some others barely noticeable. Says nothing about how "fair" the business is.
And two companies with the same proportional structure, but of different number of employees, will have different numbers in this representation.