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A comment on Meta has started its latest round of layoffs, focusing on business groups. Parent comment

Re:Meta has started its latest round of layoffs, focusing on... by golergka on Wednesday May 24, 2023 @09:56AM (#36058134)
The "capital class" in US is mostly people who invest in their 401k and just get pensions from pension funds, whereas the "serfs" in context of meta are engineers who earn what, $400k per year?

How come serfs are richer than the capital class?

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Re:Meta has started its latest round of layoffs, focusing on... by loeg on Wednesday May 24, 2023 @10:10AM (#36058311)
Most Meta employees do not earn $400k and the layoffs today are concentrated among non-developers.
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Re:Meta has started its latest round of layoffs, focusing on... by jonathankoren on Wednesday May 24, 2023 @10:51AM (#36058952)
You don’t understand the the vast difference, not just in wealth, but power, in the United States, and silicon valley in particular. This is a place where 400k/year won’t buy you a nice house.

Chris Rock explained the difference well when he said, “Shaq is rich, but the white man that signs his check is wealthy.”

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