this post was submitted on 15 Dec 2023
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No because if a person a billion dollars by paying someone 200$/h, it means that the worker produced way over that in value for the billionaire.
That's fine that a company takes a cut on that, but to get to a billion dollars, that means that the the company brings in way more than that.
Usually, the salary of someone is roughly half the cost of the employee, so let's say it cost the employer 400$/h for one employee. If the employer add a profit of 10% on that which is pretty reasonable, it would take 25 000 000 man/hour to get a billion dollars in profit. Or roughly 2800 years working 24/7, everyday of the year.
For a more realistic scenario (40h/week, 52 week a year), that's 12 000 years.
That's a scenario where there is only the billionaire employer taking a cut. Add other C-suites taking a chunk too and it gets more ridiculous.
It's not because other companies pay less that means that the company paying more is ethical.