Fear of cheap Chinese EVs spurs automaker dash for affordable cars

boem@lemmy.world to Technology@lemmy.world – 608 points –
Fear of cheap Chinese EVs spurs automaker dash for affordable cars
reuters.com
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The sad fact of the matter is... math

A corporation might have 10 C-level guys dividing $50 million amongst themselves and 10.000 workers earning $70K, which costs about $100K due to overheads (health insurance, retirement, etc). Together, that's a billion, which is 20x more than the C level guys.

The C level guys aren't the big expense, not by a long shot.

Labour, government and shareholders divide most of the earnings amongst themselves.

For the record, I do think we need to tax the wealthy more and the workers less.

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