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- cross-posted to:
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During COVID: we made record profits!!! But we can’t afford to give anyone raises
During AI: We spent too much money on tokens. So we can’t afford to give anyone raises.
Its been every year since I’ve been aware of the concept
Company newsletter : Fantastic news everyone! We’ve broken the record for highest profit growth again and we couldnt have done it withou5 your help! Here’s to another amazing year!
Meeting a week later : its no secret the economy is in trouble, and we’re not immune either, there will be no bonuses or raises, and we will have to start looking at cutbacks
Capitalism working exactly as intended. They siphon off most of the profits and benefits and toss a few crumbs out to us on occasion.
People don’t seem to comprehend just how much money gets collected by the people at the top of their corporation pyramid scheme.
You work your ass off, generate millions of profit for the company, the CEO gets to take 99% of it for him and his lazy gang of thieves and maybe everyone else gets a few thousand as a bonus. Maybe.
Or they blow it on AI and blow and then lay people off to fix their mistakes.
Someone making a profit simply from “owning” it or being at the top and contributing 0 is a crime against us all.
We’re responsible for all their bad financial decisions and reap none of the benefits on occasions where these morons somehow make money despite themselves because of the ungodly momentum of this dumbass system
Privatize profits, socialize losses.
This is the law of the land.
There is a reason I have always argued for a larger base salary and less of the other parts. I don’t care about the bonus, I don’t care about equity, I don’t care about stock options. I’ve been screwed on each and every one of those in one way or another but never the base.
Does that mean I’ve ever hit it as lucky or as big as my peers? Sadly no, but I’ve also had a hell of a lot less stress and have still managed to carve out a very comfortable life.
“Total compensation” and “initial salary” are words that I don’t need to pay attention to in negotiations.
I’m not in sales and I’m not in leadership. My bonus is not going to buy me a car. I need that salary.
I’ll just leave this here:
There are shorter ways to say “shoot me.”
So when are we going to start eating the CEO’s? They are already building bunkers, waiting for our herd to thin.
Quick! Switch from token maxing to token minning…
Yet our economy is now entirely wrapped up in the circular billing these companies are doing. The next 10 years is gonna suck
That article is AI written…
How do you know this? It says it was written by Victor Tangermann
The article has several em-dashes. AI uses them all the time and people never do
I use them all the time and I’m definitely not a bot. I’m also 50 so perhaps it’s a generational thing.
I’m 20 years younger than you and use em dashes all the time. Memorised the alt code for it on Windows 20 years ago.
I genuinely use em dashes all the time. I’ve been using em dashes since before I knew they were called em dashes
