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Fear of cheap Chinese EVs spurs automaker dash for affordable cars (www.reuters.com)
submitted 2 years ago by to c/technology@lemmy.world
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[–] 26 points 2 years ago* (1 child)

I hate it when corpos use the "oh we can't lower prices because our staff is getting paid too much"-narrative. What about the CEO who takes half the profits for himself?
It's the workers who create value for a company, they don't take it away by getting paid for their work.

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  • [–] 1 point 2 years ago (1 child)

    The sad fact of the matter is... math

    A corporation might have 10 C-level guys dividing $50 million amongst themselves and 10.000 workers earning $70K, which costs about $100K due to overheads (health insurance, retirement, etc). Together, that's a billion, which is 20x more than the C level guys.

    The C level guys aren't the big expense, not by a long shot.

    Labour, government and shareholders divide most of the earnings amongst themselves.

    For the record, I do think we need to tax the wealthy more and the workers less.

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  • [+] 14 points 2 years ago (1 child)
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  • [–] 2 points 2 years ago (1 child)

    I have no disagreement on this argument.

    But C-suite compensation is not a significant part of prices.

    Energy prices, tax, labour costs and the cost of capital (i.e. returns to shareholders and creditors) are what drives prices.

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  • [+] 5 points 2 years ago (1 child)
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