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Nvidia CEO Jensen Huang's is now the 18th richest person in the world

Fabieter

Fabieter

Member
Blood Borne said:
I’ll never understand this line of thinking. Wealth gap isn’t the issue. People who talk about wealth gap reek of envy and resentment.

Person A - $100 billion
Person B - $1 billion
Person C - $100 million
Person D - $1 million
Person E - $100,000

Huge wealth gap between each person above but they all have a great standard of living, hence wealth gap is a shitty metric. We need to focus on standard of living and income mobility (are people’s income increasing).

It’s not a zero sum game, where there’s a fixed pie and if Person A takes a slice then there’s left to go around. Multiple pies are made everyday.

If anything, we should be upset with our government who spends our money ridiculously and is wasteful, rather than a guy who made a successful startup business and compensates his employees handsomely ($266,000 average Nvidia employee income)
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Percentage raises can be seen as unfair due to the effects of compound interest, which can exacerbate income disparities over time.

Some companies address this by implementing a model where the CEO's salary is tied to a multiple of the lowest-paid employee's salary. For example, if the CEO earns 50 times more than the lowest-paid worker, any raise the CEO receives requires a corresponding raise for all employees to maintain the same ratio. Thus, if the CEO's salary increases by $10 million, everyone in the company must receive a proportional increase to preserve the 50:1 ratio.

The cost of living is also problematic, as it tends to increase faster than wages for lower-income individuals, making the rich richer and the poor poorer. This situation greatly disadvantages the average worker.
 
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S

Spokeys

Member
This man has a net worth higher than probably hundreds of millions of people collectively. And that's all because the company he helms is at the forefront of developing technology and products that will inevitably be used to automate a multitude of processes via A.I. typically done by humans for a paycheck.

We're truly at a precipise in history. Many of the most valuable companies in the world are exactly where they are at success wise due to working on development of these processes that will aid them in cutting operating costs obviously in lieu of a massive amount people being made redundant career wise. As others have stated in this thread, many are already being squeezed for as much as they're worth already, with costs of pretty much everything rising exuberantly. It's easy to see the writing on the wall and how it's all going to implode in the future. But at least we'll have a handful of trillionaires who made it along the way, truly a win for us all.
 
Blood Borne

Blood Borne

Member
ozz ex machina said:


The govt is a typical scapegoat. It's an old clip but more relevant than ever. The fact people want to blame the government for the state of the economy is an illusion. It's mostly caused by corporate greed and propaganda. Obviously it's not that simple. But come on man. The 0.1% getting more and more wealthy is not a good thing. It's not a simple case of people being "envious" of those who are smarter and work harder.
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Chomsky? Lol. He’s a fuckin communist.

More so, there are 30,000 employees in Nvidia, thus even if you confiscate his $34m salary and share it with all the employees, each one of them will get just $1,100. So how does that change anything?

Like I said, it’s envy.
 
Fabieter

Fabieter

Member
Blood Borne said:
Chomsky? Lol. He’s a fuckin communist.

More so, there are 30,000 employees in Nvidia, thus even if you confiscate his $34m salary and share it with all the employees, each one of them will get just $1,100. So how does that change anything?

Like I said, it’s envy.
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No its not the payment ratio beetwen a ceo and the average should stay about the same.

If the profit and the ceo payment grew significantly than its fucked up and not "envy".
 
Hot5pur

Hot5pur

Member
People have a weird relationship with success. They think it's some free will driven 100% your doing achievement.
You look at the story of many major successes, and 90% of their success came about due to factors outside of their control - birth family, education opportunities, temperament, time period, market conditions at a critical inflection point, etc.

Good for Jensen. Hopefully it keeps motivating him to work hard and push tech forward to solve important problems.

My problem with the wealth gap is that the government doesn't do enough to prevent people from using their wealth to fuck over the middle class:

1) bankrolling elections
2) avoiding income tax by having payout in stocks
3) doing bad shit and then hiring expensive lawyers to "fix" it
4) Driving up cost of housing with property investments
5) paying expensive accountants to find tax loopholes

Make being wealthy about being able to become an entrepreneur and invest in companies and create actual value, make it about being able to buy fancy toys and drive consumer demand, make it about luxurious lifestyles, but keep them from screwing things up for the rest of society because they keep wanting more and not wanting to pay their fair share. Not saying this applies to all wealthy people, but enough that it's a problem.
 
O

ozz ex machina

Member
Blood Borne said:
Chomsky? Lol. He’s a fuckin communist.

More so, there are 30,000 employees in Nvidia, thus even if you confiscate his $34m salary and share it with all the employees, each one of them will get just $1,100. So how does that change anything?

Like I said, it’s envy.
Click to expand...

Nvidia is symbolic of a wider problem. It's not envy just look at the data you fucking retard. Is envy causing ever growing wealth disparity?
 
K

KimDongHwan

Member
Tiago Rodrigues said:
Compare buying a house or a car nowadays with 30 years ago and tell me how things weren't easy in the 90's.

Our grandparents had it easier than our parents and things now are even worse.

My grand fathers were the only ones working for their families and had a 9 / 5 job that managed to sustain their wives and kids (usually 4 or something).
My parents could afford to buy a house...but both had to be working to pay for that and "only" had 2 kids. We managed to have money. but you could tell things were changing already.

Nowadays a single person trying to buy a house alone with like 1 or 2 bedrooms is nearly impossible. And even couples with 1 kid struggle to do it in small apartments. I know people working 2 jobs so they don't lose their houses to the bank since their mortgages increased like 40% (if not more) in 4 years.

Millennials are tired and have been working for like only 15 years. Gen Z will be even worse.

This is absolutely not sustainable.

And then you see these CEOs and their bonus packages and it's impossible to not feel a little bit disgusted.

Capitalism (at least like it is right now) was absolutely a mistake. There's no other way around it.
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This is a classic misdirection, you attribute the harshness of living today to this billionaires when in reality for the common folks it is all about inflation and the cost to support a government (which is the only entity that can cause inflation). We are just living through the result of years and years worth of "benefits" that people have requested from the government. It would be much clear if instead of inflation we were to pay all of this cost in terms of regular taxes, then you would see where you are actually losing your income.
 
Xdrive05

Xdrive05

Member
Oh no! Newest member of the elitist kiddie diddler club?

Real talk though, Nvidia is such an easy target to hate for their questionable (at best) anti-consumer practices where pricing and product naming are concerned. But they have done more than anyone else in this space to move the state of the art forward. They have actually innovated with software and hardware for decades to create the modern world where these things are now commonly supported by both hardware and software producers:
  • VRR stabilized gameplay (G-Sync put the focus on this in a mainstream way).
  • Real time ray tracing (If they didn't go all in with their RTX line when they did, no one would even be trying to push this forward).
  • Real time AI image upscaling (DLSS is still the state of the art).
  • Motion vector based frame generation (even though they locked it to their 40 series)
  • Reflex
  • RTX Remix (there is basically no reason for them to do this other than to try to sell more RTX cards that are already selling fine to begin with. So this is just a love letter to the modding community)
There's probably a lot we could add. Even if almost all of those things are proprietary (and some very questionably so!), you have to hand it to them for getting the ball rolling in all of those spaces. AMD is just "me too-ing" their versions of this stuff, which is NOT a bad thing. Someone has to make the open source versions of them, which also pushes things forward in its own way. But Nvidia have done a lot for the industry and that demands respect.

Now how much of this was directed by leather jacket daddy himself? Who knows.
 
spons

spons

Gold Member
Don't really give a shit about his personal net worth as long as his employees are paid well.
 
Oddvintagechap

Oddvintagechap

Banned
BW6u35v.jpeg

OpenAI and Nvidia are totally getting fucked. Microsoft will be fine.
 
peish

peish

Member
Xdrive05 said:
Oh no! Newest member of the elitist kiddie diddler club?

Real talk though, Nvidia is such an easy target to hate for their questionable (at best) anti-consumer practices where pricing and product naming are concerned. But they have done more than anyone else in this space to move the state of the art forward. They have actually innovated with software and hardware for decades to create the modern world where these things are now commonly supported by both hardware and software producers:
  • VRR stabilized gameplay (G-Sync put the focus on this in a mainstream way).
  • Real time ray tracing (If they didn't go all in with their RTX line when they did, no one would even be trying to push this forward).
  • Real time AI image upscaling (DLSS is still the state of the art).
  • Motion vector based frame generation (even though they locked it to their 40 series)
  • Reflex
  • RTX Remix (there is basically no reason for them to do this other than to try to sell more RTX cards that are already selling fine to begin with. So this is just a love letter to the modding community)
There's probably a lot we could add. Even if almost all of those things are proprietary (and some very questionably so!), you have to hand it to them for getting the ball rolling in all of those spaces. AMD is just "me too-ing" their versions of this stuff, which is NOT a bad thing. Someone has to make the open source versions of them, which also pushes things forward in its own way. But Nvidia have done a lot for the industry and that demands respect.

Now how much of this was directed by leather jacket daddy himself? Who knows.
Click to expand...

Geforce did more for gamers than Radeon

High Emperor Huang for life
 
U

Unknown Soldier

Member
peish said:
Geforce did more for gamers than Radeon

High Emperor Huang for life
Click to expand...
Even going back to the ATI days, you can count on 1 finger the actual things that they ever invented. Nvidia has been responsible for literally all the innovation in gaming graphics since the fall of 3Dfx
 
mystech

mystech

Member
It's so ironic that his cousin is the head of AMD. Maybe he can toss her some extra funds to help them catch up.
 
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