Re:Meta lays off 11,000 people
by indigodaddy on Wednesday November 09, 2022 @11:52AM
(#33534310)
I’d say the latter because what you end up with is much more relatively closer to zero. Of course you weren’t losing much in the first place so there’s plenty of argument for the former as well.
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That latter argument ignores the marginal utility of dollars. It is a mental illness to think going from 2 to 1 billion is worse than going from 2k to 1k
The marginal utility of money is a real thing, but it applies to purchase of life basics, like goods, services, and security.
The marginal utility of money for power and influence in our societies seems to start a few orders of magnitude above the upper middle class, and so far doesn't seem to bend down very much as money increases.