She also made $29,000,000 in 2022 for herself, cause she worked so hard and made so many cars herself. Ha
this post was submitted on 17 Sep 2023
1492 points (98.0% liked)
Memes
45620 readers
1790 users here now
Rules:
- Be civil and nice.
- Try not to excessively repost, as a rule of thumb, wait at least 2 months to do it if you have to.
founded 5 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
"But if you shared that money among all workers, they'd only get an extra 50 cents per hour!!!!" - some tool defending corporate profit
$3.4B / 167000 workers / 2000 hours = $10.18/hr raise, which is quite substantial.
True, but that would only be for one year. What about after that? Take the raise away? They don't do $3.4b stock buy backs every year I imagine.
That's just the exorbitant profit that they put into stock buy backs. And if they spent half of that on buybacks and gave every employee a 10k bonus I'm sure opinions of them would be a lot more favourable.
They could easily cut back some of their "profit" to pay people better
Yes, I don't disagree that it should have gone to employees, just wanted to be clear that $10 an hour wasn't quite accurate. I'm sure a one time yearly bonus would be just as much appreciated and needed.
They also paused stock dividends for COVID 3 years ago and only resumed it now at 9¢ instead of 38¢
And their 2022 gross profit was nearly 21 billion dollars. That's an extra 60 dollars an hour for every employee
They have the money.
No... but they could give everyone a $2/hr raise, which isn't trivial, and sustain themselves at that level for FIVE YEARS on the current excess.
Another option is to give everyone a bonus; doing the math on 3.4bn/167k workers, is around 20k each; even if they "only" gave half of that back to the workers, a $10k bonus is pretty nice and one-time. There's no excuse....