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.
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.
That seems easily abusable though? Just put all the would be profits into R&D or something.