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dualhammers7 karma

The CEO Of the Ocado Group makes 3.7 million USD. The Rest of the executives listed make well above a million. I think it's reasonable to assume your salary is a million USD.

You have stated as fact that you pay your drivers "significantly more than minimum wage" but chose to hide the exact number. Let's say, for the sake of argument, you pay them double the UK minimum wage, which in USD would be 41k/yr.

That means the ratio of pay between you and a driver, even if they get paid DOUBLE the minimum wage, is 24:1.

One of the primary benefits of your tech to your shareholders will be to reduce labor costs, thus putting more people out of work.

My question is twofold:

  1. Can you explain what you do with your day that makes your labor 24x more valuable than the people actually doing the work of getting the food to people?
  2. What do you think should be done, policy-wise, at a societal level to take care of the workers who lose their jobs because of your technology and automations like it in the future?

dualhammers2 karma

Why should I care about an education when the whole structure of capitalism is literally cooking the entire planet?

dualhammers2 karma

I would tell both you and me to start by posting less

dualhammers2 karma

It's not a compelling answer, because it can be summed up as "it's how the economy works, I cannot imagine anything else, and I think fundamentally it's a good system." Considering your firm is, at its core, imagining alternative futures via technology I find that troubling.

If you look historically, I recommend Thomas Piketty's Capital on this, the productive capacity of automation has generated more wealth than any time in human history and as such the inequality level has never been greater. That's not a taxation problem, that's a decision on distribution of revenue and profits problem.

Doing the distribution by taxes instead of choosing to flatten the compensation ratio is inefficient, and as we all know ineffective considering how much power the rich have in politics.

Personally, I think we all deserve better than excuses labeled "philosophy," but other people might have not replied at all so I give you respect for that.