South Korea says it will pursue all options to avoid Samsung strike (www.reuters.com)
from Valuy@lemmy.zip to world@lemmy.world on 17 May 09:19
https://lemmy.zip/post/64490586

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Melonpoly@lemmy.world on 17 May 09:42 next collapse

Except pay their workers a fair wage?

JohnEdwa@sopuli.xyz on 18 May 02:23 collapse

The amounts being talked about are slightly higher than just regular wages, as they are asking for a bonus pool of 15% of operating profit and removal of caps for the bonuses. For SK Hynix, that recently negotiated the bonus pool to be 10% of their profit, that means they are expected to be paying each worker roughly a $450000 bonus this year, with it being estimated to rise to over $900000 next year.
Which means the bonus alone results in an hourly wage of $240-470/hour.

Would be really interesting to know what those kinds of bonuses do for the job market, where you could be earning ten to twenty times more money doing the same kind of work just because you happen to do it for SK Hynix, or possibly soon, Samsung.

Prathas@lemmy.zip on 17 May 11:42 next collapse

I didn’t know it was this bad. I guess it’s back to Motorola for me for the next devices. How do we know their workers won’t wanna strike either, though? Who is safe to trust? (So glad they’ll at least also support GrapheneOS, last I read, though that’s off-topic.)

morysal@lemmy.world on 17 May 14:49 collapse

When a single company becomes important enough that the government starts talking like this, you realize it’s basically part corporation, part national infrastructure.