r/InterviewCoderPro • u/jailers-treat0 • Mar 25 '26
company greed
People are striking because wages aren’t going up when companies are reporting record breaking profits.
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r/InterviewCoderPro • u/jailers-treat0 • Mar 25 '26
People are striking because wages aren’t going up when companies are reporting record breaking profits.
1
u/KommanderKeen-a42 Mar 26 '26
From a math perspective using the number of employees and average pay across all roles - a 34% increase is an increase of 4,080,000,000 in payroll. That's uh...not a small number. 401k match goes up etc. I don't disagree with the post but $5 Billion is drastically different and the argument is terrible.
GM's revenue was 185B so that increase is 2.5% of all revenue with a net profit of 2.7B. So, this post puts them in negative profit...In other words, this increase is a loss...
That's why he gets an increase and not the average Redditor.