Content_Flamingo_583 t1_itvm3od wrote on October 26, 2022 at 5:09 PM

Reply to comment by elmohasagun13 in Alphabet is ramping up scrutiny of all its projects and cutting hiring in half as it tries to curb costs by chrisdh79

I don’t think you understand the tech sector. Google’s CEO is worth 1.3 billion.

If the average tech employee had a net worth of a million dollars (which they don’t), their CEO has about 1.3 billion dollars more than them.

That is, the CEO makes over one thousand times as much money as one of their employees. And that’s being conservative.

elmohasagun13 t1_itvpy1e wrote on October 26, 2022 at 5:33 PM

The entry level salary for a google software engineer hovers around $200k, with total comp potentially being orders of magnitude higher based on the market value of vested RSUs. This employment relationship is not comparable to someone on hourly wages as the base salary alone puts you above 98% of Americans.

The median home value in Santa Clara County is $1.4 million, so any of those “average” south bay tech workers would be millionaires if they owned their home outright.

You’re extrapolating a critique of the gap between executive and employee compensation to an industry with extremely high salaries and a large percentage of employees who are granted ownership (shares) into the company simply through working there.