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You have nothing to lose but your brains (thelemmy.club)
submitted 4 months ago by to c/lemmyshitpost@lemmy.world
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[–] 12 points 4 months ago (5 children)

this is interesting to me. can you show your work? Id be interested in going through the thought experiment as well.

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  • [–] 8 points 4 months ago (3 children)

    Market cap is around $141 billion.

    Number of employees is around 60,000.

    60% of employees: 36,000.

    60% of market cap: $84 billion.

    $84B / 36,000 = $2.33 million.

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  • [–] 7 points 4 months ago (1 child)

    gotcha. What about assets? Im not an accounting person, but we routinely buy tooling for hundreds of thousands of dollars. Raw materials have costs/value associated with them. How would that figure in?

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  • [–] 5 points 4 months ago

    If you want to compare it to salaries, I think you would need to do the year-over-year change. But even that wouldn't factor in all the bloated C-suite bonuses and such, so I feel like the calculations would end up being much more complex.

    For instance, if you work somewhere for 23 years making on average $100,000 per year, you'll have received about $2.3 million from that company over time. If that company's market cap increases by $2.3 million per employee in that course of time, then you would be about even by your metric.

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  • [–] 3 points 4 months ago*

    Here's a site that calculates basically how much you're being exploited in a company. It's mostly for American stock exchanges, but if you can find the financial reports of your company you can apply the same method (it's nicely described).

    https://yourfairshare.info/

    The top comment doesn't really work, because even if workers pooled the money together, shareholders or execs might refuse to sell their shares if they are expecting it to grow and pay them out more in the future. Buying up companies to turn into coops doesn't work (except for failing/bankrupt companies), because it takes capital to do that, which workers don't have by definition.

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