Leaked Microsoft memo tells managers not to use budget cuts as an explainer for lack of pay rises: ‘Reinforce that every year offers unique opportunity for impact’::Managers are being ordered to dodge employees’ questions about how the latest budget cuts will impact their pay.

  • jtk@lemmy.sdf.org
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    1 year ago

    Every corp knows we’re in late stage capitalism. They’re not even trying to hide it anymore. Any individual that makes a billion dollars should be viewed as an enemy, even millionaires should be very nervous.

    • Blastasaurus@lemm.ee
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      1 year ago

      What - you can’t even buy a nice two-bedroom condo here for a million dollars, I think you need to re-evaluate what a millionaire is today.

      • NatakuNox@lemmy.world
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        1 year ago

        Buying a million dollar house and being a millionaire are two different things. Multi millionaires are part of the problem as well.

      • PickTheStick@lemmy.world
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        1 year ago

        I took it to mean people who earn that much per year. The average person working a $30k+ job should have more than a million in the bank at retirement, and that should have been enough to retire on comfortably. Now I’m being told it’s more than 1.5-2 million dollars at retirement.

    • Vent@lemm.ee
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      1 year ago

      You pretty much need to be a multimillionaire to retire these days and it’s not that hard to do with a half decent job and basic retirement planning, especially when factoring in a home to your net worth (which is standard). Millionaires are not the enemy. $1m is 1000x closer to $0 than $1B.

      • Sharkwellington@lemmy.one
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        1 year ago

        I don’t disagree with the sentiment, but “get a half decent job, do basic planning, and factor in the cost of the home you definitely own” is a massive simplification and a lot of people cannot meet those requirements through no fault of their own.

        • Altima NEO@lemmy.zip
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          1 year ago

          Yeah, thats already proper middle class, and middle class is pretty hard for a lot of people to attain these days.

          • Haui@discuss.tchncs.de
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            1 year ago

            Most people are not even able to accumulate any capital while paying bills. If you‘re not in the fortunate position of a collage education or similar, you‘re pretty fucked.

            • MasterBlaster@links.hackliberty.org
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              1 year ago

              Even with a college education, you’re usually fucked.

              Most people talking about how to become multimillionaires have the benefit of generational wealth. Even if they’re not directly dipping in to family funds, it’s a support system that us poors don’t have.

        • Vent@lemm.ee
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          1 year ago

          Not saying everyone can do it, just that we’re all on the same side. It’s important to remember who your friends are. The doctor that works 12h+ a day and has a few million in the bank is not the same as the billionaire playing God and zipping around to all major world events in their private jet while siphoning profits from thousands of workers.

          • MasterBlaster@links.hackliberty.org
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            1 year ago

            That depends on which side the doctor decides to support. A few million lets you play the game, and even if you’re just a pawn, you can do some damage.

    • Zoboomafoo@lemmy.world
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      1 year ago

      The same late stage capitalism we’ve been in since the term was coined 175 years ago?

      • jtk@lemmy.sdf.org
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        1 year ago

        Later in the stage? The term was coined before the stage happened. End of WWI was supposedly the start and I don’t think the idea was that it would implode the instance the stage was hit. We got a bit of a bounce back with the tech boom, that’s clearly over. Unless another major frontier pops up that isn’t immediately sucked dry by the already rich, we’re at the end.