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Those are very reasonable salaries to me. What’s insane and should never exist is those who make $200 million a year. Like who needs this much money? What are you gonna do with all of it? Does it even matter how much money you have after a certain amount? I think at a certain point it becomes some kind of disorder or a mental illness to pursue more and more money. Give me $100k a year and I’ll be a happy, very happy camper.
Edit: to be more clear, I’m talking about where I live currently. $100k where I live would put me in a very comfortable spot financially. My bad, everyone.
yup. wikipedia’s salaries aren’t ‘too low’–the others (mostly-publicly traded or dreaming-of-an-ipo) pay their top executives way too fucking much.
They are probably still a little low - but there’s a giant gap between $400k and $200M.
If you believe that a lot more lower level people should make $150-200k, their manager should probably make more, and their manager should probably make more, and their manager should probably make more, and the CEO should probably make more and all the sudden there isn’t a wide enough gap to pay those people more. Would you want to manage a bunch of people for $5k/yr more?
Money that isn’t paid to employees is paid to shareholders or squandered on stupid stuff.
Their CEOs should make more, and their regular employees should make more.
Wait. Baked into your thoughts here is an idea that each middle manager up the chain deserves “more” and that isn’t substantiated.
Managing a bunch of people may/mayn’t be harder than doing a difficult job w/ customers or manual labor or whatever. In some cases it’s a relatively kooshy desk job compared to “being in the trenches”.
Yes, sometimes decisions at higher levels has more ramifications. This is why we want good talent in those roles. But it’s a cultural choice that we decide to pay them 100s of times more.
Its pretty easy to explain. You see 400k is where us taxes for a couple is paying the highest rate. It never goes higher no matter how much more you get paid. Those are the people we tax. at 4mil you have your income go into your one man llc and shuffled through various trusts and bussnesses in a varitey of countries so that you pay less tax than someond making 5 figures.
The max bracket starts at $693k for married couples filing jointly. The vast majority of couples making $1M-10M are not running that that income through an LLC and shuffling into trusts and businesses. That definitely happens - not with ordinary income, which is what those tax brackets are for. It predominantly happens with people putting assets in trusts (i.e. stock). There are ways to play games with ordinary income, but it’s much, much harder.
yeah I am way out of date. I remember it as roughly 125 and 250. Regardless though a person making millions pays the same top tax rate as a person making hundreds of thousands and we have people who make billions now (well not as a wage which is the other issue)
Honestly, today, with a family, house, car, etc… 100k isn’t as much as it sounds.
Dog I make less than 40k, it’s exactly what it sounds like.
I don’t make 100k, but me and my fiance make about 140k combined and that gets us a 1BR apartment in North Chicago and we share a car. We live better than when we each made about $40k but six figures isn’t what it used to be.
Been sinking on that for a couple of years. It is suffering. Start a new job in January and should be doing much better. Best of luck with your endeavors!
I get that, my wife works in education and makes minimum wage. People are underpaid and that sucks. Doesn’t change the fact that inflation sucks too.
I remember when 40k was a decent living wage and it wasn’t that long ago. 100k ain’t CEO money tho. It’s can’t afford a house and living check to check when you have more than 2 kids money. Hell, probably is with only 2 kids. Forget about a college fund.
$250-$300k is the new $100k from the 90’s imo. It’s rough out here.
$100k used to be a number to aspire to, growing up in the 90s and early 00s. But, nowadays (depending on location), $100k is not as much as you think. Especially if you’re trying to support a family on it.
True, I should have been more clear that I’m talking about where I live currently. $100k would definitely put me in a very comfortable spot in life, but I get what you mean :)
$100k
Havs you done any math on this for where you live?
How about Dallas? Atlanta? Philly? Baltimore?
OK, let’s pull the big ones: DC? Anecdote: was once offered a job inside the beltway for a little over $100k. Fuck no. $100k in DC is nothing.
How about San José? LA? San Fran? NY? Again, more places where $100k ain’t much.
Single metrics don’t tell us much.
I agree with you 100% $100k in some states like NY or California don’t mean shit, but where I live, I’d live a very comfortable life if I made $100k.
All that extra money seems to be a detriment. People seem to be less empathetic and just use that money to get more money.
Reminds me of what Warren Zevon had to say about rich people problems, off Preludes. It came out a few years after his death, and the back half of the album has snippets from some radio interview(s?) he did. Neat musings by a complex dude: he was creative genius in a lot of ways, and a titanic asshole in a lot of other ways (he asked his ex-wife to write his biography, and to not go easy on him - alcoholism, violence, absentee parenting…it’s all there).
Anyway, that’s a preface for the folks who don’t know about him: he probably could have been a bigger financial success had he not been a disaster of a human, but maybe his dirty life and times gave him enough material to feed his creativity…who knows.
WZ: I was real lucky, because I always had some kind of work that came along - at the last minute, anyway.
I was always able to make some kind of living as a musician
I also never really got rich, and that might have been lucky too, ya know?
Interviewer: in what way?
WZ: Well, because the less time you spend with the issues of being rich
they’re like the issues of being famous
they’re not real issues
so they’re not real life.
Interviewer: And it leaves more time to be creative?
WZ: There’s more of an exchange - a human exchange of ideas and feelings to be had on the bus stop than over the phone with your accountant, and if you’re rich you spend a lot of time on the phone with your accountant. it’s necessary, I believe.
I know I’m happy and that means I must be lucky. That I know.
EDIT: this is not to say I wouldn’t be grateful for more money, myself, but I chose the life of a biologist - in ecology and evolution, no less. I’m happy to make a living, and it’s always a little shocking to see folks make double/triple what I do and say it’s “not much these days”. Those of us scraping by have a wildly different perspective, and I’d love to give folks a tour of what it looks like long-term.
I’ve not heard of Warren Zevon of maybe I have and not yet known it. However, that was a great recount of that interview and I’m happy to have read it.
I appreciate you taking the time to say that! Thank you. My favorite song by him is probably Desperados Under the Eaves, if you’d ever like to hear the best of his music.
Yup, it’s like it washes off their souls out of their bodies. I wouldn’t wanna be in that spot to be honest.
100k would ruin me!
Move?
No!
In times like this, especially when the original twitter post gets ratio’d to shit, it’s important to evaluate where they’re getting their numbers. I see they post a link to Rumble. I’ve never heard of this before, what is it?
Rumble
Rumble is a video platform where you can watch live and on-demand content from various categories, such as news, politics, gaming, sports, viral, power slap and finance. You can also discover new creators, join communities, and support your favorite channels on Rumble.Um… I don’t know what Power Slap is but ok, it’s a youtube clone.
All Videos
ALEX JONES EXCLUSIVE INTERVIEW! Elon Brought Him Back… What’s Next?!
Pentagon PANIC, Trump “Happening”, Obama FEAR push, Cyber PUSH, Focus, Pray!
“HE’S BACK!!” Musk RESTORES Alex Jones On X…
NEWSMAX2 LIVE on RumbleOh fuck me it’s a right wing nutjob site. This post is fucking dogshit, trashing Wikipedia because it helps counter their propaganda. Fuck that noise.
Happily other people noticed this fucking nonsense:
He says elsewhere that it’s a “liberal cesspool” so you know where is problem really is.
Also the CEO makes $400k if anyone just wanted that information. I had to listen to 60% of that dudes video to get to that point.
This doesn’t seem insane to me. It’s high for the average joe, but it’s not competitive at all with other big tech CEO total comp.
Everyone is pointing out the comparison of Wikipedia’s salaries to other tech companies, but they’re missing the point that the person they’re arguing with is NOT coming from a good faith position. They are hoping to feed on your distrust of the rich and powerful, in an attempt to convince you to work against your interests and the common good.
They hope their calls of “Wikipedia owners make too much money!” leads to “We should dismantle Wikipedia by boycotting donations!” and then to “We should sell Wikipedia to the last surviving Koch brother!”
Yeah he’s disingenuous as hell, but also I don’t see a ton of his Qanon-leaning audience as big donators to Wikipedia anyway.
They’re the kind of people that back weird shit like Conservapedia.
It’s not his audience I’m worried about (not in this context anyway). I’m worried about the people who aren’t aware of who his audience is.
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This lunduke recently posted the same shit against Mozilla, and sadly a lot of ppl here in lemmy are buying their crap and started bashing Mozilla for everything, at least in the posts I saw recently. I think ppl still believe that free software should be made from free labor.
The dude does not even seem to know what a nonprofit is.
Their calculation of Wikipedia being able to run for 100 years is if you removed everyone’s salary. Not sure you would get many people working 40+ hours a week for free voluntarily.
So they’re making $150-300k per year, with more for severance. That is indeed relatively low compared to major tech companies.
The article’s examples were Docusign (CEO made $85M) and Google (CEO made $225M).
$150-300k makes sense. $225M does not. It’s obscene and absurd.
the difference between $225M and 300k is $224.7M
Hell, even low 7-figures could make sense. Though even that’s still high.
But Jesus Christ with these hundreds of millions, it’s obscene.
It’s important to note that most of what they “made” is actually just the stock that they already own or the stock options they received.
In general the actual cash that they receive is less than $500k.
Taxes are calculated differently on stock sales vs wages.
So?
The lack of people understanding this is what leads to poorly written laws.
They think that all we need is an income tax to tax the rich more.
So when laws are passed saying that they’ll tax anyone making more than $1mil, people don’t realize that it doesn’t really do a whole lot.
I mean I think capital gains needs to be rolled into income tax too
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You’re right that their salaries weren’t $500k plus, those numbers included severance. Actual salaries were in the order of $150-300k (with the highest salaries paid to the owners).
Wikimedia doesn’t have stock AFAIK.
These are eminently reasonable salaries. Compared to some of the parasites that I work with who get paid > $300K to do fuck all.
So eh, you guys hiring?
Sure, but you actually have to work hard for your $60k. Don’t want the $300k people to feel bad for firing you for not supporting their salary.
Every large corporation is like this too. Even after layoffs, they seem to mostly just get rid of the low pay workers. The high pay morons are still around.
If all other executives would earn as much as the guys from Wikipedia, the world would be a better place.
I don’t care what their executives earn, but if those companies paid their taxes and stopped interfering with unionization efforts that would be nice.
Por que no los dos ?
Mozilla’s CEO is paid $7m for running the “charity”.
So? If that’s what she’s worth then you either hire her, or put up with second best. You may think CEOs are paid too much overall - I’m not disagreeing, but let’s not pretend people who work for charities should all take charity salaries. If you want to build a world class product, hire world class people - they’re not cheap.
I cannot fathom the indignation.
If the first one on the list was so expensive and so counterproductive, I can’t imagine the rest…
What the fuck are you talking about?
The absolute nosedive of firefox’s share, its erratic and pointless development, the waste of money… in fact there are many valid criticisms against mozilla and its mismanagement, take your pick.
In a world set against you, even doing the right thing might not lead to success.
They are deeply dependent on Google; they’ve been trying to find revenue without Google. They’ve largely failed, but that doesn’t mean the strategy is wrong.
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She’s CEO of Mozilla foundation (charity) but also Mozilla corporation (normal business).
US salaries are just completely bonkers. 500k is “mid-level facebook”? What the actual fuck? Europeans are getting completely shafted. They are the cheap, qualified, tech labor of the US.
One reason tech companies are able to give absurd salaries is to suppress competition. If they can price everyone else out from good engineers, they can keep competition low.
Well, we don’t have these kind of tech…uh…“foundations” in Europe. But execs in other companies are getting 500k…
Last I checked GAFAM exist in Europe but don’t pay close to what they pay their US counterparts. European companies also have CEOs that earn millions but still pay their software devs way below 100k€/year.
Oh I agree with that, it’s just that there aren’t many CEOs that get 6 or 7 millions as salary in the EU. These people are making their money elsewhere…
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and are now injecting its extension directly into the browser! Firefox?
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Thanks for the reminder! Just donated!
This is the best summary I could come up with:
Wikipedia’s pages are created and edited by a community of volunteers, while the Wikimedia Foundation manages the website’s technical backend.
Mind you, it’s about doubled since, but they don’t publish breakdownsThey have enough cash to operate wikipedia for more than 100 years according to the public IRS filings.
On the lower end, vice presidents Carol Dunn and Margaret Novotny were paid $241,438 and $242,379 respectively, the filing shows.
wikipedia is one of the most visited sites on the internet, contains terabytes of information, doesnt host ads, and is entirely free to browse.
The CEO of Docusign, a company that JUST signs documents for you, made $85,940,000 this year," wrote another person, whose post garnered over 22,000 likes.
The encyclopedia is also one of the most important sources of training data for AI tools like ChatGPT, Nicholas Vincent, a professor at Simon Fraser University, told The New York Times.
The original article contains 606 words, the summary contains 148 words. Saved 76%. I’m a bot and I’m open source!
The CEO of Docusign, a company that JUST signs documents for you, made $85,940,000 this year," wrote another person, whose post garnered over 22,000 likes.
That just shows how grossly overpaid other executives are. The problem isn’t that Wikipedia execs aren’t paid enough, it’s that other executives are paid way too much.
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I mean I’d argue that the Wikipedia execs are still paid too much given their actual productive output.
Why is this such an unpopular take? Is it because Lemmy is largely comprised of tech bros who make too much money? I just don’t understand how people are justifying any salary above 200k, and even that’s a huge stretch.
Yeah I mean the point I’m making isn’t that Wikimedia execs are paid too much, it’s that all executives are paid to much. The workers actually create value, all an executive does is direct that value generation and claim the rewards for themselves.
IMO income below something like $200k shouldn’t be taxed at all - workers below that range are sacrificing their time (and sometimes their physical health) to earn money. Above $200k income should be taxed heavily. People who make more than that are typically doing less while earning more - what they earn is disproportionate to the amount of effort they put in.
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The CEO made $780k with $600k of that being severance. She left Wikipedia a lot bigger and influential than when she started. Sure that is still a lot but there are much bigger fish to fry.
It used to be that Wikimedia projects had lots of volunteers willing to maintain the projects, but the WMF didn’t have a lot of money. Now the WMF is swimming in money (which it uses to do more and more “office actions” bypassing community processes), but editor numbers are staying constant or even shrinking. People nowadays like to spend time a lot more pretty much everywhere else on the Internet than on Wikimedia projects.
It is time for free knowledge to transition to a concept where people get paid, not the wiki concept that worked fine to start out in the beginning, but whose limits have now become clear.
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Translation: business-types are salty about Wikipedia not toeing the line on the fiction that executive pay “needs” to be obscene in order to “attract talent.”
I still think the “low” salary of Wikimedia is obscene.
There is no way even that figure is proportionate to what these people actually do day to day.
700k? For being in charge of one of the biggest websites in history?
That doesn’t seem awful at all.
They don’t like it when real life counters their narrative, and this shows that corporations can pay reasonable salaries to their executives.
