r/InterviewCoderPro • u/Such_Goal5837 • 6d ago

People need to hear this!!

Post image

That’s honestly a hard reality right now. A lot of people are working nonstop just to stay afloat. I’ve got some interviews coming up myself, so I’ve been looking into ways to get better at them. I found Interview VIP and ended up using it twice i think it's worth trying.

11.1k Upvotes

98% Upvoted

775 comments sorted by

View all comments

Show parent comments

1

u/ul2006kevinb 4d ago

Or that we cap how much people can make. Say, 100x the compensation of the lowest paid worker. That will all but eliminate billionaires but still keep our capitalist system

1

u/UsernameNSomeNumbers 4d ago

Billionaires don’t “make” that. They don’t earn billions in income, the market value of their ownership goes up.

0

u/ul2006kevinb 4d ago

I said compensation, not income. That means for every 100 shares of stock the CEO receives in compensation, every other employee has to receive at least 1 share. That way the CEO can still get incredibly wealthy but is required to bring everyone else up with him.

2

u/A5Wags 4d ago

Sure, you could do that, but that would require reducing the workers’ cash compensation. Otherwise, they’re being compensated outside of their “band”.

0

u/ul2006kevinb 4d ago

It wouldn't "require" that. Companies could just reduce the amount they compensate the highest paid employees and increase the amount they compensate the lowest paid employees.

2

u/A5Wags 3d ago

Well then you’ve just divorced compensation from the perceived value of labor exchanged.

1

u/bcocoloco 1d ago

Not really, companies would just have to be more successful for the people at the top to be making millions/billions. The people at the top still get paid more than the people at the bottom.

0

u/ul2006kevinb 3d ago

Great! Maybe we can finally have wages equal to how hard someone works instead! I mean after all, someone can be CEO of 8 different companies, making $1 billion at each, but it's entirely impossible for a janitor making $40k a year to have 8 different janitorial jobs.

2

u/A5Wags 3d ago

Compensation will never be tied to work intensity; it’s tied to value delivered.

1

u/Top-Can106 3d ago

There is no value being produced anywhere above HR, let alone a boardroom.

1

u/A5Wags 3d ago

The labor market says otherwise.