Comment

Comment on How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary

Melatonin@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago

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. It’s 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?

source

Sort:hotnew top

blackbrook@mander.xyz ⁨1⁩ ⁨year⁩ ago
Profits aren’t spent on salaries. Salaries one of the things deducted from revenue to determine profits.

source
- TrickDacy@lemmy.world ⁨1⁩ ⁨year⁩ ago
  …who said otherwise?
  
  source
  - JamesFire@lemmy.world ⁨1⁩ ⁨year⁩ ago
    
    What percent of a company’s yearly profits would be appropriate to be spent on salaries?
    
    The OP they responded to did.
    
    lemmy.world/comment/5321505
    
    source
MxM111@kbin.social ⁨1⁩ ⁨year⁩ ago
I seriously doubt that these are profits. These are revenue.

source
- Hillock@kbin.social ⁨1⁩ ⁨year⁩ ago
  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.
  
  source
  - MxM111@kbin.social ⁨1⁩ ⁨year⁩ ago
    Yes, it’s a big company.
    
    source
- Melatonin@lemmy.dbzer0.com ⁨1⁩ ⁨year⁩ ago
  Shouldn’t the discussion revolve solely around SPENDABLE income? Am I misunderstanding something? I’m sure I am.
  
  source
  - MxM111@kbin.social ⁨1⁩ ⁨year⁩ ago
    I thing comparison to the employee salary makes no sense whatsoever. Different businesses have different expenditure structures depending on various things, like the type of business their are doing. In some companies, salaries might be dominating expense, in some others barely noticeable. Says nothing about how "fair" the business is.
    
    source
    intensely_human@lemm.ee ⁨1⁩ ⁨year⁩ ago
    And two companies with the same proportional structure, but of different number of employees, will have different numbers in this representation.
    
    source
  - Efwis@lemmy.zip ⁨1⁩ ⁨year⁩ ago
    No, salaries are based a pre-tax basis. In other words you’re told you’ll make $120,000 per year, that amount is before taxes.
    
    source
    betz24@lemmynsfw.com ⁨1⁩ ⁨year⁩ ago
    But companies also pay taxes before even paying you. So they’ll pay 140k to pay you 120k which you’ll earn 100k (along those lines)
    
    source
    -> View More Comments
paholg@lemm.ee ⁨1⁩ ⁨year⁩ ago
Ooooooh, companies. I initially misread it as CEOs, and the numbers did not seem right. Though that would be a more interesting metric.

source