this post was submitted on 26 Sep 2023
554 points (98.4% liked)
Work Reform
9969 readers
1 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
Love how people are confusing salaries or yearly income to net worth.
Net worth is the total accumulated value of all the stuff you own (value of assets minus the liabilities) - houses, cars, investments, etc. That is massively different than what you are getting paid each year which is what a lot of people here are using as a metric.
It isn't out of the question for someone to make "only" $100 or 200k/year and be considered a "millionaire" by most people's definition. They might be older and have paid off their house. That house might be worth $500k and all the other stuff they own is a few hundred thousand more. Plus maybe $100k in some investment portfolio. Thus making them technically a millionaire. There are a lot more millionaires out there than people realize, including some people here or their parents or maybe grand parents.
That's not to take away from the argument that billionaires have too much money, but at least phrase the movement correctly. Stop equating someone making $50k/year with someone's who's assets are worth $1B. That's comparing apples to oranges and not just by the sheer difference in the numbers either.
Okay, but Zuck doesn't make 50K a year. He makes billions a year. AND he has a net worth of over $100B.
Meta makes billions a year. Zuck "just" makes millions.
He's definitely filthy rich, but it's not like he makes billions for his personal spending.
Well depends on the accountant. How to make an expense, a "business expense". Surely there's millions of expense going as facebooks business expense.