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by agentifysh 20 days ago
I do wonder if this is good for Korea in the long run. There's not many employers like Samsung and SK that can provide this level of compensation for cost centers. I think many more workers are going to start demanding red carpet treatment when companies are choosing to outright shut down or move operations out of Korea due to increasing pressure from unions. ex) Hanjin, SsangYong Motor, GM, Renault Samsung/Renault Korea, Nestle, Tetra Pak, Hyundai Motor, HomePlus....
3 comments

It probably is. Sharing in what is essentially a massive windfall is most likely positive. This money will get spend or invested by employees. Which should stimulate the economy at much higher level if it just stayed in stock market.

This is not standard thing. This is response in situation where company has generated massively more profit than any time previously and likely any time in future after market stabilises. Expectation that at least part is shared with employees should not be unreasonable.

It is an abhorrent reflection of the society that this is a valid kneejerk response.
I just find it funny someone who worked at Amazon would type that to feel good about themselves.
Workers are supposed to always be worried about the overall economy, but companies firing thousands of people can ignore everything that is not related with their revenue/profit. It's hilarious.

I remember when I had these kind of takes. I blindly believed in "equal treatment, including billionaires". Now I get frustrated reading them, but I have empathy from understanding where they come from (for now, at least).

> chip workers

> cost centres

What?

In what way are manufacturing workers a cost centre?

They aren’t call centre workers.