Inequality, Interest Rates, Aging, and the Role of Central Banks

Re:Inequality, Interest Rates, Aging, and the Role of Centra... by lostdog on Friday December 30, 2022 @03:52AM (#34183245)

Let's look at the top 0.1%. An Amazon Senior SWE makes 1% and minimum wage in CA is 0.1% of the $35,000,000 per year that someone in the top 0.01% makes.

1/100 and 1/1000 is different, but the difference isn't that big.

Your overall point didn't make any sense though. "Lots of people don't earn minimum wage" doesn't mean that there isn't any power balance.

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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by WalterBright on Friday December 30, 2022 @01:09PM (#34187869)

A senior engineer can be worth a lot more than $35M. Even just shaving 1% off the time that the server software consumes are worth many millions of dollars to the server company. The server companies compete for those people, so they get paid lots of money.

There is no power imbalance. If a worker produces a lot more value than he costs, he simply goes to another company that bids higher for him.

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Re:Inequality, Interest Rates, Aging, and the Role of Centra... by aaomidi on Friday December 30, 2022 @03:16PM (#34189520)

I'm sure just on this thread you'll find a ton of engineers who have saved their company millions of dollars, but they're still paid the generic wage everyone else is.

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