Comment on How Long It Takes the Largest Companies in America to Make One Employee's Average Annual Salary
TurboDiesel@lemmy.world 7 months agoSays right at the top of the chart. The 3 data points are 2022 revenue, revenue per second, and average salary.
Nougat@kbin.social 7 months ago
My fault for not being able to read teeny tiny gray text on a white background, I guess.
Anyway, comparing revenue to worker compensation isn't really very useful. Payroll comes out of that revenue, as does every other cost of doing business. Compare payroll to profit, or to executive compensation, if you want to make a point. Yeah, worker compensation sucks, but just comparing it to "the biggest number we could find" doesn't mean anything.
intensely_human@lemm.ee 7 months ago
Also these numbers are going to be higher for bigger operations.
Cruxifux@lemmy.world 7 months ago
Yeah, you’re right, there’s no wealth gap problem, why even bother talking about it?
Nougat@kbin.social 7 months ago
Misrepresenting the issue causes people on the side of labor to be less effective in their efforts, because they're operating with flawed data, and makes it so that people on the side of capital can more easily disregard the concerns of labor.
There are solid and useful comparisons to be made, as I previously mentioned. Worker salary vs. corporate revenue isn't one of them.