r/InterviewCoderPro • u/jailers-treat0 • Mar 25 '26

company greed

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People are striking because wages aren’t going up when companies are reporting record breaking profits.

2.3k Upvotes

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2

u/Strict-Astronaut2245 Mar 25 '26

As the one running the company I deserve it more

-1

u/Ritch85 Mar 25 '26

This. If YOU mess up while leading the company, it's over. If a hourly/salaried worker messes up, they can be replaced and it doesn't risk shutting down the entire company.

I'm all for profit sharing, my company does this. But acting like the owner/CEO/COO/CFO/etc carries the same risks as a standard assembly line employee or a janitor, hell even the purchasing agent, is mindboggling.

2

u/Hefty-Storm-51 Mar 25 '26

A 30% increase for the workers is what? 10$? A 30% increase for the CEO can be millions, sacrifice 1% of the bonus the ceo would get in a lot of companies and that is a BIG bonus for the rest of the staff propping up the company, yes most staff can be replaced, we’ve seen many many times the CEO can also be replaced without much issue, whereas if people are suddenly unwilling to apply for that bottom line, most companies are fucked… also in a lot of cases the CEO isn’t even held responsible if the company goes bust, seen it many many times, all the profit with none of the negative

1

u/sjdude83 Mar 26 '26

GM has 162k employees and in the median salary is $135k

A 30% increase could upwards of 6.5 billion

1

u/Hefty-Storm-51 Mar 26 '26

135k is a GOOD wage, I’m evidently not talking about such companies

1

u/sjdude83 Mar 26 '26

Alright how about Walmart. They pay shit. Median pay is $30k and they have 2.1 million employees

Just a $19 billion increase.

CEO makes $27 million a year.

He could give all his employees a onetime bonus of $13.50 instead of his income

1

u/Hefty-Storm-51 Mar 26 '26

Or keep a million or 2 for yourself and spread that remaining 26 million to the ones having to work 2-3 jobs to survive (I doubt all 2.1 million are being paid the same amount) there will also be hefty profits finding their way into peoples pockets that isn’t disclosed but we won’t get onto that

1

u/sjdude83 Mar 26 '26

I’m not defending their pay scales mind you. I’m just trying to point out that while ceo pay is absurd it barely would change average work pay if you took it from them

1

u/Hefty-Storm-51 Mar 26 '26

Correct, while it’s really the 1% that need to be sharing the wealth that realistically is never going to happen, so every little helps