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Re:Panic at the Job Market by angry_moose on Wednesday July 17, 2024 @12:40PM (#40987710)
I think they're using some kind of "daily equivalent average pay, factoring in exponential growth of the stock divided by actual days worked over a career" -

> Under the modern tech landscape, stable “hyperscale ultra-growth” companies are paying experienced employees the equivalent of $10,000 to $50,000 per day if we include the value of their exponentially growing yearly stock grants.

Assuming a $250k salary, that's only about $1000/day. But if you're able to bank $50,000,000 in stock grants over a 40 years career (invest early and often in a high-growth company), that averages out to $5,000 per day.

Kinda dodgy math, should been better clarified, and that's still somewhat ambitious; but I think that's the idea behind it based on a couple allusions throughout the article.

Re:Panic at the Job Market by morgante on Wednesday July 17, 2024 @12:55PM (#40987856)
Not even that makes sense because a "tractor company or heavy manufacturing company just churning out results for years" (that supposedly pays $10k/day) doesn't have exponential stock growth.

The entire article is just the whimsical fantasies of someone with no understanding of market reality.

Re:Panic at the Job Market by randomdata on Thursday July 18, 2024 @12:08PM (#40997058)
Without diving too deep into splits and whatnot, John Deere's stock price looks far more exponential than Google's.