If they were to pay each of those moderators $50 a week, or $2600 a year (which is probably generous for the kind of work they’ve already been doing for free), it would almost exactly match the amount of Spez’s pay package ($193 mil). And they actually keep the site RUNNING. Spez is literally just a leech.
This is basically the crux why capitalism is inherently unfair, anti-democratic, and does not distribute wealth based on value in any way shape or form.
This tool is only paid such a figure because he was a member of the founding group, and continued to hold on for 15+ years. He may have been pivotal to their success, or he may have been an idiot that held them back for 15 years. Either way, after the initial x number of years, and y number of employees get involved, whatever value he provided is gradually diluted by the pool of employees. In the case of Reddit this effect is multiplied, as the mods and users have generated 99% of the sites value for the majority of its existence. They could have added zero features for the last decade; just focused on engineering problems to do with scaling, and the site would’ve prospered.
None of this matters to capitalism, as it distributes wealth (value) based on a range of convoluted claims to contracts and ownership, designed to overwhelmingly bias pre-existing capital; people who were born first, the luckiest, whose ancestors were the most cutthroat and ruthless (e.g. monarchs, lords, landowners, the church). It doesn’t have anything to do with actual value to society, or even within a specific business.
Imagine a company running like that. lol
That is why I think their IPO will fail quickly. It is just a cesspool of bots, weirdos and very little productive anything.
I never really used reddit much. I always found it to be idiotic extreme on both sides of the table. I am fairly moderate with a few hot-button issues, but I would have a beer with about anyone except Reddit mods.
In 2017, there were 74,260 moderators of active subreddits on the site.. We can only assume that number has gone up over time.
If they were to pay each of those moderators $50 a week, or $2600 a year (which is probably generous for the kind of work they’ve already been doing for free), it would almost exactly match the amount of Spez’s pay package ($193 mil). And they actually keep the site RUNNING. Spez is literally just a leech.
This is basically the crux why capitalism is inherently unfair, anti-democratic, and does not distribute wealth based on value in any way shape or form.
This tool is only paid such a figure because he was a member of the founding group, and continued to hold on for 15+ years. He may have been pivotal to their success, or he may have been an idiot that held them back for 15 years. Either way, after the initial x number of years, and y number of employees get involved, whatever value he provided is gradually diluted by the pool of employees. In the case of Reddit this effect is multiplied, as the mods and users have generated 99% of the sites value for the majority of its existence. They could have added zero features for the last decade; just focused on engineering problems to do with scaling, and the site would’ve prospered.
None of this matters to capitalism, as it distributes wealth (value) based on a range of convoluted claims to contracts and ownership, designed to overwhelmingly bias pre-existing capital; people who were born first, the luckiest, whose ancestors were the most cutthroat and ruthless (e.g. monarchs, lords, landowners, the church). It doesn’t have anything to do with actual value to society, or even within a specific business.
He feels entitled to their labor for free, simply because he thinks he deserves free labor.
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I was a moderator and left.
Agreed. The mods get the status and power they want. Spez is going to get a shit ton of money.
I wouldn’t do it but I have a life outside, many of them don’t.
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If it was a paid position, most the mods would be gone since that couldn’t do as they pleased. The company would be libel for their behavior.
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Imagine a company running like that. lol That is why I think their IPO will fail quickly. It is just a cesspool of bots, weirdos and very little productive anything.
I never really used reddit much. I always found it to be idiotic extreme on both sides of the table. I am fairly moderate with a few hot-button issues, but I would have a beer with about anyone except Reddit mods.
The Reddit admins DO behave like that.
In reality, he’s entitled to it because they keep giving it to him. Why? I could only guess at their reasons, but it is what it is.
No one is entitled to free labor. We settled this issue 161 years ago.