this post was submitted on 15 Nov 2023
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Work Reform

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[–] Melatonin@lemmy.dbzer0.com 5 points 1 year ago* (last edited 1 year ago) (15 children)

I'm having a hard time with the realities of this. How much time should a corporation take to earn the salary of the average employee? What percent of a company's yearly profits would be appropriate to be spent on salaries? Many of the companies are exceeding 1/12. Is that enough? If not, what is?

I know I'll probably be on the wrong side of things (again), but I didn't find this graphic stirring. Is there a number out there that people find acceptable?

[–] MxM111@kbin.social 14 points 1 year ago (10 children)

I seriously doubt that these are profits. These are revenue.

[–] Hillock@kbin.social 5 points 1 year ago (1 children)

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.

[–] MxM111@kbin.social 1 points 1 year ago

Yes, it’s a big company.

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