• R0cket_M00se@lemmy.world
      link
      fedilink
      English
      arrow-up
      35
      ·
      1 year ago

      Doesn’t Japan have a system like that? The difference in the lowest and highest paid employee can only be so many thousands different?

    • PR3CiSiON@lemmy.world
      link
      fedilink
      arrow-up
      35
      arrow-down
      4
      ·
      1 year ago

      Then they’d just get two jobs at the same company, and get two salaries or some other loophole the lawmakers planned for the whole time.

      • WaxedWookie@lemmy.world
        link
        fedilink
        arrow-up
        13
        ·
        1 year ago

        Preferable to 319 jobs I’d say.

        You people see the fuckery, shrug your shoulders and say “eh - just let them get away with it”.

        Fuck that, and fuck them - don’t be conned into emptying your pockets to spare them the trouble of robbing you.

        • EchoCT@lemmy.ml
          link
          fedilink
          arrow-up
          3
          arrow-down
          2
          ·
          1 year ago

          I’m not saying we let them get away with it. I’m saying we bleed them in town square as an example of where greed gets them.

  • RBG@discuss.tchncs.de
    link
    fedilink
    arrow-up
    97
    arrow-down
    2
    ·
    1 year ago

    It probably will bankrupt him. But only because he built his business on the basis of exploiting employees. He won’t make money if he doesn’t do that. Which of course means he shouldn’t be in business.

      • Empricorn@feddit.nl
        link
        fedilink
        arrow-up
        2
        arrow-down
        2
        ·
        1 year ago

        Exactly. It’s not “his” company, he’s just at the peak of the decision-makers, currently. If he remains (short-term) profit-focused, they’ll give him a golden parachute of most of the workers’ labor to safely land at another company to cut costs and terminate employees and further enrich himself…

  • jpablo68@mujico.org
    link
    fedilink
    arrow-up
    80
    arrow-down
    1
    ·
    1 year ago

    It’s always one of the two with this companies, it’s either “we’re making millions” or “we’re going under” there’s no inbetween.

      • TheMagicalTimonini@lemmy.world
        link
        fedilink
        arrow-up
        23
        ·
        1 year ago

        “Great job team! We’ve increased our profits more than ever before! Now we need your help more than ever to increase profits even further. Unfortunately we cannot afford to pay our employees more, because of the great investmemts we need to make to keep increasing our profits!”

      • sdoorex@slrpnk.net
        link
        fedilink
        English
        arrow-up
        17
        arrow-down
        1
        ·
        1 year ago

        The beauty of Hollywood accounting spreading to other industries. Ford Motor Company sells their cars for an on book loss after sales incentives like sub-prime financing through Ford Credit. Ford Credit then makes a profit due to interest payments thus wiping out the loss on the vehicle sale.

  • Margot Robbie@lemm.ee
    link
    fedilink
    arrow-up
    73
    ·
    1 year ago

    Looks like we found one job that should be automated by AI to save Ford 21 million dollars a year.

    • Snipe_AT@lemmy.atay.dev
      link
      fedilink
      arrow-up
      10
      arrow-down
      1
      ·
      edit-2
      1 year ago

      lol careful. you thought a CEO was heartless, just wait until we put an AI in charge with the ‘goal’ set as profit.

      • jasondj@ttrpg.network
        link
        fedilink
        arrow-up
        5
        ·
        1 year ago

        Actually, if you can program it to take inputs of anonymized employee satisfaction surveys, and objective employee satisfaction data (attrition, absenteeism, etc), it could work.

        Especially if the AI’s target goals are public information. Nobody would work for a company that set the “employee happiness” and “corporate ethics” dials to 0 and the “improve net profit” dial to 100.

        • Dentzy@sh.itjust.works
          link
          fedilink
          arrow-up
          3
          arrow-down
          1
          ·
          1 year ago

          Not only that, it has been proven again and again that treating well workers actually yields positive results, considering the IA would have the best for the Company as a goal instead of the pure greed of current CEO/Stakeholders, there are big chances that IA CEO would treat workers way better than current status.

          The problem is if the IA goal is not the best for the Company, but the best for the Stakeholders short term, then we would be fucked 😅

  • ViewSonik@lemmy.world
    link
    fedilink
    arrow-up
    62
    ·
    1 year ago

    If you make $100,000 for 40 years straight that is $4M. This dude made $21M in a single year. Ford’s share buyback program in 2022 totaled $484M. GM’a share buyback program totaled $3.4B in the past twelve months. We live in a fucked up world. Meanwhile, Ford/GM/Stellantis employees cannot afford to even buy the vehicles they make or feed themselves decent food.

  • lobut@lemmy.ca
    link
    fedilink
    arrow-up
    54
    arrow-down
    1
    ·
    1 year ago

    CEOs need to take pay cuts. They earn too much and don’t provide enough value for their pay.

  • Lemmywhat@monyet.cc
    link
    fedilink
    arrow-up
    28
    ·
    1 year ago

    Total revolution needed. Workers that do the real thing barely can feed their mouth, while those useless management ceo got huge cut

    • Grayox@lemmy.mlOP
      link
      fedilink
      arrow-up
      18
      ·
      1 year ago

      Hope the cost of living helps offset that… what company has been stealing your labor from you?

      • JokeDeity@lemm.ee
        link
        fedilink
        arrow-up
        20
        ·
        1 year ago

        Big Lots, worst pay to effort ratio of anywhere I’ve ever worked. Working harder than I ever have for less than I ever have until I find something else.

        • Grayox@lemmy.mlOP
          link
          fedilink
          arrow-up
          16
          ·
          1 year ago

          That sucks smelly ass, sorry to hear that, maybe try and organize once you have another job lined up? I’ll never forget working the morning shift at hardes, literally the most stressful job I have ever had, for the least pay I have ever made. I got a job at a factory and made twice the salary, but did a quarter of the work, and I had to hear the people I work with denigrate fastfood workers wanting to raise the minimum wage to $10 an hour, cause they thought they worked so much harder and only made $12 an hour. They pit us against eachother while eating caviar from fishes that are going extinct because they are actively poisoning every aspect of our society and our world simultaneously and living in opulence that make the Kings of old look modest. Shits gotta give…

        • StraySojourner@lemmy.world
          link
          fedilink
          arrow-up
          5
          ·
          1 year ago

          I work in an IT call center and only make 25k. It’s a nightmarish routine of answering calls from customers who don’t believe in your basic right to be respected, answering to employers who believe the same.

            • chiliedogg@lemmy.world
              link
              fedilink
              arrow-up
              9
              ·
              1 year ago

              Darn. I don’t have any contacts there.

              But if you’ve got a clean criminal record look into city jobs. The pay isn’t usually amazing (better than yours though), but the benefits are usually really, really good.

              Even in Texas I have never had to pay premiums on medical, dental, and vision for a government job, and my last 2 cities have provided 2:1 matching on my retirement plan at 7% (so I have 21% going towards pension). The guys mowing the parks get the same benefits.

  • interdimensionalmeme@lemmy.ml
    link
    fedilink
    arrow-up
    26
    arrow-down
    5
    ·
    edit-2
    1 year ago

    Why are these posts specifically aimed at car company CEOs?

    Are they begging for money in Congress again ?

    Is this an anticar thing ?

    Are they in union négociations ?

    • CatZoomies@lemmy.world
      link
      fedilink
      English
      arrow-up
      16
      ·
      edit-2
      1 year ago

      To add this for posterity, there is an additional component to the U.S. autoworkers union striking. In 2008 during the global financial crisis (with things like robosigning foreclosures, predatory loans with ballooning interest rates, etc.), some U.S. automakers were asking for government bailouts, which eventually were granted. These bailouts were entirely taxpayer funded. Now the automakers are refusing to meet union contract negotiations. Automakers not paying employees cost-of-living, or frankly, just salary increases is upsetting, but the additional hypocrisy of U.S. tax-paying citizens bailing out these companies with their own money in 2008, and then not having the companies return some of the wealth in 2023 is enraging.

      Edit:

      Forgot to add that when the automakers were begging for government bailouts, the automakers had to take away worker pensions and some benefits to “protect the system”. In 2023, the U.S. autoworkers union is fighting to get those benefits back for the workers.

    • w2tpmf@lemmy.world
      link
      fedilink
      arrow-up
      5
      arrow-down
      29
      ·
      1 year ago

      Because this is the trending politics community. I meant it says so right th…oh … “memes”? That’s the same thing, right?

        • Destraight@lemm.ee
          link
          fedilink
          arrow-up
          1
          arrow-down
          5
          ·
          edit-2
          1 year ago

          I do not see others laughing. This isn’t exactly funny. How is a CEO getting paid much more than the average worker supposed to make me laugh? This more of a news article snippet than a meme

          • HiddenLayer5@lemmy.ml
            link
            fedilink
            English
            arrow-up
            8
            ·
            edit-2
            1 year ago

            Since when were memes exclusively meant to make you laugh? Memes have always been a means of societal commentary, think Rage Comics and AdviceAnimals plenty of the most famous ones talk about very real issues.

            • Gestrid@lemmy.ca
              link
              fedilink
              English
              arrow-up
              2
              arrow-down
              1
              ·
              1 year ago

              Even something as simple as the “This is fine” meme could be considered “not funny” in the same way this meme is “not funny” depending on how it’s used.

          • NaoPb@eviltoast.org
            link
            fedilink
            English
            arrow-up
            1
            arrow-down
            1
            ·
            1 year ago

            I am laughing. Because what else can you do, seeing the hell we were born into and will probably stay the same for the rest of our lives. Nothing is going to change and if you weren’t born on top, you’re never going to come out on top. No matter what you tell yourself.

        • Antitrust7668@discuss.tchncs.de
          link
          fedilink
          arrow-up
          4
          arrow-down
          17
          ·
          1 year ago

          What ever happened to making memes just to make someone smile for a moment and not a means to publicize an agenda? We get it, you’re a liberal who hates capitalism. Enough already…