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The salaries of Wikimedia executives are sparking an online debate about tech sector wages
(www.businessinsider.com)
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this post was submitted on 14 Dec 2023
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They are probably still a little low - but there’s a giant gap between $400k and $200M.
If you believe that a lot more lower level people should make $150-200k, their manager should probably make more, and their manager should probably make more, and their manager should probably make more, and the CEO should probably make more and all the sudden there isn’t a wide enough gap to pay those people more. Would you want to manage a bunch of people for $5k/yr more?
Money that isn’t paid to employees is paid to shareholders or squandered on stupid stuff.
Their CEOs should make more, and their regular employees should make more.
Wait. Baked into your thoughts here is an idea that each middle manager up the chain deserves “more” and that isn’t substantiated.
Managing a bunch of people may/mayn’t be harder than doing a difficult job w/ customers or manual labor or whatever. In some cases it’s a relatively kooshy desk job compared to “being in the trenches”.
Yes, sometimes decisions at higher levels has more ramifications. This is why we want good talent in those roles. But it’s a cultural choice that we decide to pay them 100s of times more.
Its pretty easy to explain. You see 400k is where us taxes for a couple is paying the highest rate. It never goes higher no matter how much more you get paid. Those are the people we tax. at 4mil you have your income go into your one man llc and shuffled through various trusts and bussnesses in a varitey of countries so that you pay less tax than someond making 5 figures.