this post was submitted on 29 Oct 2023
1322 points (98.6% liked)

Technology

59285 readers
4671 users here now

This is a most excellent place for technology news and articles.

Our Rules

  1. Follow the lemmy.world rules.
  2. Only tech related content.
  3. Be excellent to each another!
  4. Mod approved content bots can post up to 10 articles per day.
  5. Threads asking for personal tech support may be deleted.
  6. Politics threads may be removed.
  7. No memes allowed as posts, OK to post as comments.
  8. Only approved bots from the list below, to ask if your bot can be added please contact us.
  9. Check for duplicates before posting, duplicates may be removed

Approved Bots

founded 1 year ago
MODERATORS
[email protected]
[email protected]
[email protected]
[email protected]
[email protected]
1322
The pirates are back - Anew study from the European Union’s Intellectual Property Office (EUIPO) suggest that online piracy has increased for the first time in years. In fact, piracy rates have bee... (www.pandasecurity.com)
submitted 1 year ago by [email protected] to c/[email protected]
397 comments fedilink hide all child comments
 

The pirates are back - Anew study from the European Union’s Intellectual Property Office (EUIPO) suggest that online piracy has increased for the first time in years. In fact, piracy rates have bee...::We analyze a new study where the EUIPO suggests online piracy is on the increase within the European Union.

you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 1 year ago* (last edited 1 year ago) (1 children)

I’m not quite sure who in particular you’re referring to in your last statement and surely I’ve misinterpreted what you mean with it, but to be clear, I personally don’t think it would be fair towards employees to slash their income and expect them to work without making ends meet so that the rest of us to enjoy a recreational service.

what are you even talking about? I never said employees' income should be slashed or expect them to work without making ends meet. I just said, that in such big corps, even though that in the papers they may saw declined numbers or even be below zero, there are still a few people (see executive board) who still make tremendous amounts of money. A CEO will always walk out with millions in their pockets because, well, that was their salary and the company's debts are not their own debts, so, well, capitalism. Ok, the company failed, there is no money to pay off debts and employees, but the money they made from the company is now theirs and cannot be asked back to pay off company debt. Because that's the legal system, the company was different entity. There is nobody liable for it in terms of personal liability.

It is always the lower level employees who take the hit.

[–] [email protected] 2 points 1 year ago

I was afraid I had misinterpreted that part of your comment, so apologies. I was thrown off a bit by "humans who make profits," and in particular who you are referring to.

In my opinion, executive compensation is completely out of whack and perhaps the single most outright cause of wealth inequality. It would be unfair, however, not to acknowledge that when a public company is doing poorly, it does affect executive pay through the valuation of their stock, payout of their dividend or other equity based compensation. In principle, I think tying executive compensation with company performance isn't a bad idea, but in reality overall comp is, well, just completely disproportionate.

That being said, even if the compensation was a fraction is what it is today and that cost reduction immediately went towards a lower monthly service fee, it would be nearly negligible. Operational costs of services like these are astronomical, where the majority share remains in content assets; in the case of Netflix this constitutes production, licensing and delivery.