Every article I’ve read on it over the last month or so has had the same numbers. But you could still be right. Or good ol’ human error / miscommunication.
On the other hand, there’s no way they’re only getting paid that much won
That’s all of Samsung Electronics’ profit and only the chip plant employees are included in that 45000 figure. If they’re going to share the entire company’s profits, it would be divided among 260k people. And the demand is 15% of profits to go into a bonus pool. This would be more like 42k per person if divided among everyone.
SK Hynix employees had the advantage that they only have the super profitable memory and NAND business. Samsung also makes phones and other shit that brought in way less profit per person, as you don’t really get 80% profit margins on most products. So if it’s just the chip industry employees getting the chip industry profits, the number could be a lot higher, otherwise the chip industry employees’ generated profits are going to subsidize bonuses to everyone else as well and the amount per person will be lower.
Although to be fair, these numbers are most likely in Won and whatever AI wrote the article forgot that there’s other currencies than USD
Nope. These numbers are reported in USD after converting.
Yes, they are actually that huge.
Every article I’ve read on it over the last month or so has had the same numbers. But you could still be right. Or good ol’ human error / miscommunication.
On the other hand, there’s no way they’re only getting paid that much won
These days it’s pretty common for news outlets to just repost stories from other outlets without verifying anything.
Samsung’s estimated $73 billion profit (source) divided by 45,000 is over $1.6 million.
That’s all of Samsung Electronics’ profit and only the chip plant employees are included in that 45000 figure. If they’re going to share the entire company’s profits, it would be divided among 260k people. And the demand is 15% of profits to go into a bonus pool. This would be more like 42k per person if divided among everyone.
SK Hynix employees had the advantage that they only have the super profitable memory and NAND business. Samsung also makes phones and other shit that brought in way less profit per person, as you don’t really get 80% profit margins on most products. So if it’s just the chip industry employees getting the chip industry profits, the number could be a lot higher, otherwise the chip industry employees’ generated profits are going to subsidize bonuses to everyone else as well and the amount per person will be lower.