AnthArmo
29th August 2008, 15:02
woah
I just discovered how much I would get paid if Yum! industries (the company that owns KFC, which is were I work) was a workers cooperative (thats when the money is shared amongst the workers). Heres my maths, skip it if you want
Yum! employ 50,000 people
they work on average 40 hours a week
50,000 * 40 = 2,000,000 hours a week
so 2,000,000 hours are poured into this company a week!
of those 2 million hours I contribute 15 hours (I'm a Kid, I got school)
so I contribute 0.00075% to the company (I feel special :D)
now, KFC is selling 2,455,932 stocks
0.00075% of that is 18.4 stocks
lets round that up to 20 to make my life easier
the stocks are selling at about $30 right now
20 * 30 = $600
add $100 which is a round about what I make a week to that and you get $700
THATS THE MATHS, IF YOUR SKIPPING IT STOP HERE!!!!
Ok, so in reality I make $100 dollars a week (here in Australia, kids aren't paid much, only a percentage of the minimum wage). However, $600 dollars of the profit I generate as a worker goes to the stockholders who own the company, so tell me please, why should they get my hard earned money?
so, If this were a workers cooperative, I would be making $1400 a fortnight (that's how often I get paid).
Unfortunately, we live in a shitty capitalist society were people who privately own business can take most of the profit you earn, and whatever they leave you? they call that your wage!
In reality, I earn $200 a fortnight. WHAT THE FUCK! so what happened to my other $1200!!!!!!!!!!!!!!! you know were it's gone? it's gone to the people at the top who "Own" the company, but they didn't actually earn this money! they're getting it purely because they have the legal privatively of "owning" the company!
But I'm sure you all know this already, just reminding you all of the stupidity of Capitalism :cool:
I just discovered how much I would get paid if Yum! industries (the company that owns KFC, which is were I work) was a workers cooperative (thats when the money is shared amongst the workers). Heres my maths, skip it if you want
Yum! employ 50,000 people
they work on average 40 hours a week
50,000 * 40 = 2,000,000 hours a week
so 2,000,000 hours are poured into this company a week!
of those 2 million hours I contribute 15 hours (I'm a Kid, I got school)
so I contribute 0.00075% to the company (I feel special :D)
now, KFC is selling 2,455,932 stocks
0.00075% of that is 18.4 stocks
lets round that up to 20 to make my life easier
the stocks are selling at about $30 right now
20 * 30 = $600
add $100 which is a round about what I make a week to that and you get $700
THATS THE MATHS, IF YOUR SKIPPING IT STOP HERE!!!!
Ok, so in reality I make $100 dollars a week (here in Australia, kids aren't paid much, only a percentage of the minimum wage). However, $600 dollars of the profit I generate as a worker goes to the stockholders who own the company, so tell me please, why should they get my hard earned money?
so, If this were a workers cooperative, I would be making $1400 a fortnight (that's how often I get paid).
Unfortunately, we live in a shitty capitalist society were people who privately own business can take most of the profit you earn, and whatever they leave you? they call that your wage!
In reality, I earn $200 a fortnight. WHAT THE FUCK! so what happened to my other $1200!!!!!!!!!!!!!!! you know were it's gone? it's gone to the people at the top who "Own" the company, but they didn't actually earn this money! they're getting it purely because they have the legal privatively of "owning" the company!
But I'm sure you all know this already, just reminding you all of the stupidity of Capitalism :cool: