Nvidia's long term employees have gotten so rich they aren’t really doing any work anymore and have entered semi retirement mode while still showing up to the office.
@@hobbyhobbyhobbyhobbysorry for asking such a loaded question but do you think I should start buying stocks for ticker NVDX I’m new to buying stocks
It's very interesting. There's 2 steps to it. First is to produce a good product and 2nd was the compensation allowing a greater distribution of wealth. Sadly most companies like Amazon either don't do stock options and/or they pay minimum wage or less when it comes to something like food places that allows tips. The economy sadly isn't good and a large part of it is because the rich want to get richer instead of distributing the wealth. Some companies even fire large amounts of employees while giving the leaders a higher wage to give the illusion that the company is still profiting when they make bad decisions.
@@nadaburner Bad comparison. Nvidia sure as hell aren't paying their warehouse workers with stock. Similarly, Amazon is also paying their software engineers, data scientists, managers, etc. with stock. The vast majority of companies do not pay any employees with stock, only their C-suite executives. The exception to these are high skilled employees in tech, where it is a norm for their payment package to include stock.
@@AleksandarIvanov69 more like all the people that have been there for a long time push everything they don't want to do on newer people while they lounge around making significantly more money. Kinda like with my job, we have to produce so much to justify our wages, the more you make the more you have to produce. Time is put on to my tickets to pay other peoples wages while at the same time I do everything no one else wants to do while also making less money than the guys my work is supporting. Also we are given bonuses based on our production, I havent seen a bonus in so long because my numbers go down when time is put onto my tickets because other people are underperforming and taking more time to finishing jobs then what the customer is paying for so otherwise it would be a loss.
The old Nvidian employees work exactly like an empire's nobles too. They got rich thanks to the rise of the empire, so they got lazy and corrupted, exactly like the nobles and aristocrats 1000 years before them lol.
@@liamjanssens7014 so did the Boomers. The problem is that the newer generations have to work harder to get diminishing returns due to unsustainable growth- like the newer NVIDIA employees.
This is literally what working for the government feels like. Cant fire older staff who do nothing. Impossible to be hired as a younger person, when you do get hired you are doing all of the work for your basically retired colleagues. On the surface the job security is fabulous but in reality your more likely to quit from being over worked than get fired.
Yup. In the military it’s all the people who have been in for 12-16 years that just have all the guys doing 1-4 years do their work. The worst are the guys about to retire 16-20 years, they do 0 work.
@@foosmonkey it's always been the case. You didn't even need to go to the 1900s or even leave the topic. E.g. it isnt the people writing the AI software getting rich it is the people selling the harware that are. It's always been and will be the person who makes and sells the tools to make the product wins.
@@rayres1074even back then, nvidia had a far higher cap. Apple cant grow infinitely, since its mostly just branding and marketing. While nvidia creates their own gpus and software. Their being able to innovate and create new hardware makes them have a far higher max potential. Obviously that is from the perspective of an investor, instead of a worker. 40k in nvidia in 2015 would be a million dollars right now, so in hindsight it didnt matter whether he worked at nvidia or not, as long as he owned a bit of it.
@@rayres1074lost of people knew that’s why they were able to get the claim of insider trading gone forever. Other companies couldn’t make that go away and they’re the only one to make it disappear. Also it was a monopoly between Apple and nvidia their richest workers are people that made sure it became the best stock
Bad comparison. Nvidia sure as hell aren't paying their warehouse workers with stock. Similarly, Amazon is also paying their software engineers, data scientists, managers, etc. with stock. The vast majority of companies do not pay any employees with stock, only their C-suite executives. The exception to these are high skilled employees in tech, where it is a norm for their payment package to include stock.
I think the biggest thing to know about all this is that while the older employees may have been there longer, no matter what the newer employees do the company set it up so you can never reach the same heights, even if it’s the same job
@@nikosantos1172 nothing to do with capitalism just people choosing to no longer do their job because they're comfortable and stable, along with a company treating at least a good portion of its employees well. This will always happen, because complacency exists. Capitalism is nothing more than allowing private enterprise to exists in the market allowing supply and demand to dictate pricing and so on. It is exactly why they were able to become wealthy, what is supposed to happen however is these older employees should've been given a benefits package and the choice to retire with their benefits, or if they choose to keep working it would mean they still need to input the effort. Management being too hands off is a bad thing.
@@yulfine1688 And yet the company still expects the work to be done. Anwser this then - how in the world are they going to keep it that way, if not by exploiting new employees? The old ones don't care, there is no way you can ever make them put in the effort you'd like, since they've already became free from capitalism's grind. Still, some of them are indispensible, since only they hold some crucial knowledge, which they will now dispense by drip feed. The only way the company can keep up productivity is by following the gaming industry's practises and squeezing every bit of worth from an employee, before replacing them promptly, since keeping them around only creates resentment due the existance of the "wealthy employees" that remind everyone, that hard work means nothing.
So you're just gonna believe this guy? Also, if that was the case, just for employee culture, we should nix retarded ceo and shareholder salaries, they're the ones getting fat doing jackshit.
Idk by doing something most of you guys mock, "having a normal 9 to 5 job" at a tech company, I mean the same is not happening for any retail worker, but it's damn possible to get rich in tech industry either by salary, stock or skill
It’s not like that these employees did contributed a lot more and sacrificed probably a lot for Nvidia when the company needs them the most so they deserve their retirement it’s not fair for them to be treated the same as new employees
And they probably aren’t even too worried about being fired because even if they are, they can just sell their stock options and live off the money they make from that
That’s literally just a representation of our whole country. Old rich people doing little to no work for a lot of money. While younger people work constantly for poverty wages.
Yes but it’s in general a problem of the older ppl/employees/establishment vs the new/younger ppl/employees/establishment. You even see it in nature with plants in a way. The older ones over years gathered resources and creditability that if smart enough set up systems to automate things that make them have wealth and productivity with little work. Usually from the labor of others, which are usually younger and less well off ppl. The younger less well off ppl will do fine too, but when they are older. When the older ones before them die off and their wealth and resources and systems get passed off to the younger ppl, which will be the time when those younger ppl are in their 40’s - 60’s. You see this in nature too, a field as a bunch of flowers all thriving bc of all the sunlight around and water. Then a tree starts to grow and over years and decades it gets bigger and bigger due to gathering small amounts of resources over time. Causing its branches and leaves to stretch out more causing more shade underneath it. Causing less and less plants to grow under it. More trees pop up in the area and slowly chock out many new younger plants that could grow below it in its shade. Only when a tree dies does a whole lot of new flowers and vines and tree saplings pop up to make a new mini meadow full of life and so much light shining down into the thick forest. Only for it to repeat the cycle again after many decades. Or a forest fire can wipe out a huge amount of the old trees and cause a lot of smaller and younger plants to derive. Same applies to us humans in this cycle. Once the boomers get in their 70’s and 80’s a lot of them will start dying. Most boomers kids are millennials so millennials who will be on average age 40-60 when their boomer parents die will get a lot of the wealth from their parents, and some will be invested into their kids who are gen alpha. This will cause a mini boom in the USA and other nations that have boomers as their largest generation as the millennials will still be young enough to Invest a lot of their died parents into the market place and into making businesses, that or help to start off gen alpha good. As for gen z the same will occur to them when their gen x parents die. Only issue for america though with this cycle is that mass immigration is messing it up. As more and more young ppl are being pumped into places like the USA or Germany this causes overpopulation, more competition among millennials to gen alpha and less resources to be shared around and it cause wages to lower bc the supply of workers is higher than the demand for them. It’s like if a 100 year old gaint oak tree was replaced with a 30 year old oak trees once the old one died right away. Preventing that space to be empty for light to come in to create a lot of new flowers plants fungi and for a new young oak tree sapling to grow.
@@dannyboy218 agree with your assessment, indeed the younger generation would be alright if it wasn't for mass migration - partially fueled by boomers who were all too happy with cheaper labor from abroad. Hopefully the younger generation wises up to this.
@@4.0.4 yes and no, no mass immigration would help so much for millennials gen z gen alpha and future gen beta, but another main issue is life expectancy. Back in the past most older ppl’s wealth and property was given to their kids when they were in their 60’s, now it’s happening in their 80-90’s. This 20-30 year delay is causing turbulent in the cycle I explained as a new longer lasting cycle is forming. This delay is bad, bc so far we extend lifespans but not productive years. Meaning you can live to be 80 or 90, but after like 68 if you are very healthy you can no longer work the farm, build stuff, or mine as well as you could in your 20-50’s. Now in the modern world we have machines for a lot of that, but still you have less energy, more prone to health issues that we can keep you alive from for a bit longer but you end up on the bed or couch most of the time. Worst of all dementia too. As in the past yes you were likely to die around 60-70, but you were productive and contributing to society probably until you were like 58 I believe. Now these elderly ppl are just a burden on society like infants are, they can’t do anything and they only take and not give. Now at least with infants they are an investment and can grow to be productive, as for the old no, they only get worst. Hopefully by gen beta or gamma we can work out a system with this new longer cycle that can minimize or get rid of that issue with unproductive elders, as yes they will die, but then the issue is when they die their kids will be 60 or so and then they are useless and don’t invest much of their parents wealth, as they horde it like their parents did bc they got no income or for medical bills. Best case scenario is we advance medicine so you can work till 75 to 85 or something and then die when you are like 100 or something. Or machines advance so much they are like robots in sci fi movies and can take care of us forever.
Another fun fact, more like news about Nvidia: the CEO Jensen Huang recently came to the National Taiwan University to give a speech, in which he called Taiwan a “country”. Usually this will trigger the Chinese government and probably lead to a boycott of this corporation’s product in China, severely damaging its Chinese market, however because Nvidia is so important to China’s industry and economy, and that no other company could replace it, the Chinese government and public couldn’t do anything and just ignored that he had said that. I viewed several Chinese internet forum posts about this incident and saw many Chinese netizens saying “We can’t afford to boycott Nvidia.” That is such a chad behavior to me, a Taiwanese, like being so dominant in a field that you can say Taiwan is a country but China can’t do shit on you.
Its also mean China know who they can afford boycotting and who not. Europe hurting itself badly because of trade war with China they had no realistic reasons to start, shows that not everyone know their limits
Corollary: Because Nvidia gets all of its chips fabbed by TSMC, this means that China can't afford to harm TSMC either. Which means that China can't ever threaten seriously to invade Taiwan, because TSMC will destroy the equipment. Taiwan isn't just a country. It's a free country.
@@xcaliber4141 its funny how India should have way more millionaires than literally every country else, because their both population, and population growth. But looking at some villages, and how people live you start to understand that the only millionares are CEO's and Government officials.
It sounds to me like the employees that do all the work need to go on strike so that the employees that don't do anything have their coin purse punched
@@SergeantAveryJohnson how do you think investors managed to get stocks, large dividens and so on? By providing the funding to the company, the investors are the ones giving the funds they expect a return from those investment. Shareholders took money they worked for invested and continued the cycle.
@@SergeantAveryJohnson Yes, but you can't just work for free 💀. Like lay them off and offer them a nice package and let them keep their stocks and all; but let either the new people work and get paid without being burdened or do something. But it's not like Nvidia is struggling or anything to really worry about that 🗿
@@yulfine1688 Many of them already had money to begin with and didn't have to really work for it. Investing isn't the same as being an actual employee. Usually they're the ones making the most money while the workers get pennies for the hard labor. Most of the shareholders don't work.
Nvidia gets far too many applicants, probably, and their screening process is very strict. They're *extremely* picky, so you can expect it to be very hard to get hired. So if the bar for that is set super high... well, even if they do fire people regularly, you'd have a hard time matching the difficulty of getting hired in the first place
Depends on what you define as good, really. They are letting the old guard shove all the work on to the newcomers while still paying them. When looking at it from the old guard's perspective, yeah, it could like like their "this good" towards their employees, but if you look at it from the newcomer's perspective they are letting the older employees abuse the new ones and seemingly not doing anything about it.
@@Maxwell_Twist that is still better than a company with NO old guard and just shareholders getting rich off of miguel flipping burgers. but i get your point. they SHOULD fire the millionaire employees and hire new people... and the millionaire employees should go start their own companies and hire new people... or go fuck off on a beach somewhere and enjoy their new life as do-nothing shareholders.
Older generations worked their whole lives to build what they have. How could that ever be equal and how would that be fair? Yes there is enormous inequality but it sure isn't down to generational disparity. It's down to extreme corruption by enemies in power. Most of older generation just worked their ass off and paid off 10% loans.
This right here, is what I call the “first-world boomer” problem. Too many old people checking out and relying on the younger generation to do all the heavy lifting. You see this outside of America in countries like Japan or countries in general not replacing themselves quick enough.
Kinda infuriating how there’s a company that actually doesn’t seem heartless and people are taking advantage of it as if to prove that companies actually *should* be soulless cooperations.
That's why a good company or nation relies on fear and respect, punishment and reward. The company give too much rewards for little effort and that's not good
@@Noname-mi1oo turns out not having real competition leads to absolutely overpriced things, f.e. one of their ai graphics cards costs 30000 to buy and costs them under 3000 to produce. Same with normal graphics cards. And Amd is going with the prices nvidea set because of money
There is a reason why, that if all the people would become millionaires the world will imbalance and the society will collapse, economy will drop faster and productivity is gone. That is why we need poor people to run the country constantly, which the rich people and the judgemental society won't accept the truth who runs all of the economy and who feeds their stomach. 🙂
I think he meant "it's harder to get fired than to get hired" otherwise i dont really understand the "there is little chance someone gets fired" Edit: corrected my mistake lol xd
It’s happening everywhere. The older generation who got these positions at a time it was easier are reaping all the benefits and they see the young generation as a threat,a group that will take what they have. So they gate keep their workplaces,treat young employees like trash,exploit them for extra work ect. If a young employees snaps back they’ll automatically be fired. The ageism is rediculous these days
@@ekamandalaputra5517 I don't think I can do that as a reply on a YT comment. But I'll try. The youth is "spoiled" cause of the "hard work" done by the elderly. At the same time, the youth can't afford what seems to be taken for granted by the elderly (like buying yourself a home). Causing them to prefer working less days a week, rather then working more/harder. Since it simply isn't worth it. The gains you'll get from it, are not enough to bridge "the" gap. Please note that these insights are anecdotal, but true nonetheless in my (urban) environment
Well, the "old" people at NVIDIA did the work to make NVIDIA what it is today, and they were rewarded with stock options. The new employees haven't done anything yet, by definition. This is why Zoomers are thought of as entitled - they think they're entitled for stuff they didn't earn or put in the dues for. Do the work, earn your reward. You are not entitled to it.
@@korosuke1788Sure, the older employees might have built it, but it’s the younger employees who are the ones hard at work making sure it doesn’t crash and burn
No, he said that correctly. Because of the company's wild success and employees becoming millionaires off of stock options and a laid-back management style, it creates huge demand for people wanting to get hired. If nobody wants to leave, and nobody gets fired, it will be way more difficult to get in than it is for you to get out.
I don't work in the industry, but I dated gamer nerds in college and have a brother who's a programmer (used to make video games for a living). They've been on my radar for years. I am disappointed in myself that I never bought any of their stock.
I was thinking it was a case of entitlementitis. Why should the new employees be entitled to the fruits of the work that the "old" people did? They clearly made NVIDIA what it is today, they did their time and were rewarded. Now you have new people coming in who are "having to work hard". Awww poor babies. This is why people think zoomers are the most entitled generation of all time.
@@Zidbits I dont know if you realize but those old employees are still... Regular employees. The complain is not that the new employees arent getting that extra money but that the old employees arent doing their fucking job properly simply because they got some extra money. New employees are not complaining that they have to work hard, but that they have to work harder because the others dont want to work anymore. Both old and new are still employees, some extra money gained does not mean you can relax at work. People think zoomer are the most intilted generation because of people like you, not seeing things as they are and just dumbing it down to "They dont wanna work hard"
🤓👆Their*. There is used as an indication of location and they're is used in place of they are. Their is used to apply adjectives to multiple people or other things so by saying that they played their cards right it is applying an adjective to multiple people with the adjective being the correct playing of the cards
@@AliHabeb that's a fair assumption. that's partially why i explained the differences, to help them know what form of there/they're/their to use in the future
@@user-manager rich people don’t need you to defend them. make everyone making over 50M a year pay taxes out the ass. No more pay to make it go away jail time for white collar crime. You sound like a cuck
well they worked building it. the problem is though while the new employees do the same work they’ll never reach that profit on retirement. because when the old ones cash out their stock will plummet
That’s my problem with all this. Those guys earned their wealth, sure. They worked hard to get where they are. But now the new guys are working just as hard or harder and will never achieve the same thing. They’re doing the exact same thing their predecessors did and will never reap the benefits like they did. It’s a flawless reflection of what’s been happening across the entire country. Young people get in the same industry as their dad, working the same job, the same or more hours, and struggle to even make ends meet let alone achieve the same level of comfort and success. Shit’s fucked.
@@VisonsofFalseTruths the new guys are even more important as they would be building the new ai gpu's that would keep NVidia stock high all the old guys did was sell overpriced gpu's to bitcoin farms.
I think it's good that through company success and profit sharing the employees have made themselves millionaires. This is a model more companies should follow. It is a feel-good story which presents a different way to organisation corporations. This angle attempting to turn it into intra-class conflict between the newer and older employees doesn't help anyone.
Except, it isn't an "angle"; it's a material problem caused by that structure. You're right that this is better than "pure" stockholders, but that doesn't mean it's immune to the same problems. Capital and Profit are antithetical to a healthy business
Shareholders will vote on that measure - which incidently are the employees themselves. I know, they make up a minority, but they are very much interested in voting, opposed to many of the non employee shareholders that just go "line go up lol" and not care about anything.
This is a very easy HR problem to solve. Stock options and other performance based incentives will keep the newer people motivated and happy. Move quickly to start “retiring” those who are already set.
Yeah, I don't get this. The older employees did the work, helped make NVIDIA what it is today, so they were rewarded. Why should the new employees be rewarded? They, by definition, haven't done anything yet.
@@nobody-xg8ep it's gonna work, you gotta discipline your employee. Make them fear of the consequences for slacking off, and subsequently reward them. What Machiavelli says can be applied here, you just thought it only works on nation. Company basically nation
@@ekamandalaputra5517Fear what? The worst that can happen is getting fired and they’re okay because they’ve already got one foot in retirement. Not an appropriate analogy.
@@DarkF4lcon that's why giving too much rewards will resulted some individuals to be lazy. Rewards and punishment must be balance. Never follow Nvidia step if you want them to be productive, and don't treat them as lesser being if you want them to respect you
@@ayakaasama you can't judge the worth of something evolving every week. It will soon be worth it. It only moves forward, people won't give up on AI due to compute costs. It will only kill the small players
@@mcperson8455 if they never fire people, then it sounds pretty damn hard to get fired the whole thing about the short is how older employees aren't doing any work and still won't get fired, thus harder to get fired than hired would make more sense in that context "harder to get hired than fired" is just normal for most jobs; if you screw up too much or stop working, you get fired, but you gotta compete with all the other qualified aplicants to get hired
Harder to get hired than fired = easier fired than hired (not that special) Harder to get fired than hired = obviously an interesting situation that results in their "hands off managing policy". So he said it the wrong way around
thats why you set reasonably attainable personal progress oriented goals, fail to meet the goals consistently you get a strike, 3 strikes you get fired. This keeps people honest.
That is literally every workplace now. It is exponentially more difficult for people who are just now entering the workforce, because there is no room to pioneer workflow.
Its what happens when you’re too employee centric, someones gotta be the bad guy and whip the more tenured folks into shape otherwise its straight BS to the younger workers picking up the slack.
Fun fact. Nvidia was built by workaholics who have a sense of pride in the products they helped design. This doesn’t diminish with age because saying ‘I made this’ doesn’t get old.
C0mmunism doesn't make you rich, it only provides your basic needs. You know what is really messed up? That I have to write this twice, since youtube deletes it for SOME REASON.
C0mmunism doesn't make you rich, it only provides your basic needs. You know what is really messed up? That I have to write this twice, since youtube deletes it.
This is proof everybody is selfish not just big corporations they just got more power when a company is finally not as greedy it’s the employees who act up
You don't even understand what social security is. The fuck does it have to do with stocks or working a job you can't get fired from in your mind I wonder
The old employees deserve their massive stock payouts. They started working for a company not knowing it would reach so high. You don't find that level of loyalty these days among the employees.
Is nothing special really. If a job pays well and/or you like it most people stay. Most people when searching for a job dont go "Will this company grow?"
Old worker's A) have huge experience B) entered much smaller company Ofc it is harder to get into successful big company and why would you expect to enjoy your being there in same way as early employees?
Generation rivalry in workplaces is counterproductive and should be addressed by management. There are lazy employees in every age groups. Assuming that because they are rich, older employees do not pull their weight is a serious accusation. Seasoned workers are often more efficient and seem to navigate effortlessly. Production measures must be used to get the true picture and get all workers to produce as they should.
Fun Fact: This shit is the *SAME EXACT PROBLEM* Valve has been dealing with for decades at this point. The hands-off management style means anyone can take on any project they want but to actually follow through with it, senior staff have to support it/informally greenlight it first. This is what leads to the creative drought over at Valve. They have an infinite money printer with Steam, a veteran culture with senior staff, and a heavy emphasis on not messing with old company IPs for practically no reason. An employee review testified that working on stuff like TF2 will get you bad reviews from seniors. Another fun fact inside this one, did you know that to even finish Half Life Alyx, the team had to temporarily change their management style to be actually hands on just to finish the damn game? There are a whole Library of Alexandria's worth of old test demos, scrapped version, even full on almost complete games from numerous old Valve IPs that they just never finish. It's so infuriating.
Yeah because the long term employees are the reason the stock flew up. Reaping the rewards of their work, nothing wrong with that, nothing stopping the new employees from doing the same thing.
I know someone that worked with Nvidia and turned down stock options a few years ago. Big, life-changing mistake, apparently. Then again, anyone could have bought Nvidia stock then, so the real difference between us and employees is that they were pushed into it.
And because of this happening, it's going to be used as a case study in business schools and we're going to see fewer companies with stock options for employees in the future.
Born to late to be an old Nvidia Employee, born to early to be a new Nvidia Employee, born just in time to never become a Nvidia Employee
But not too late to be a stockholder
Real
@shanhu5769
Like me...but only *_verrry_* recently... 😅
(At a share price of $131.87, semi-unfortunate over the past 4 weeks.)
Buy ticker NVDX, it's like owning double the Nvidia per Nvidia lol
@@hobbyhobbyhobbyhobbysorry for asking such a loaded question but do you think I should start buying stocks for ticker NVDX I’m new to buying stocks
The growth of Nvidia feels ridiculous like how one company made so many millionaires in such a short period
It's very interesting. There's 2 steps to it. First is to produce a good product and 2nd was the compensation allowing a greater distribution of wealth.
Sadly most companies like Amazon either don't do stock options and/or they pay minimum wage or less when it comes to something like food places that allows tips.
The economy sadly isn't good and a large part of it is because the rich want to get richer instead of distributing the wealth. Some companies even fire large amounts of employees while giving the leaders a higher wage to give the illusion that the company is still profiting when they make bad decisions.
@@nadaburnerAmazon used to do stock options for everyone. Now it's just for management and corporate employees.
I started buying TSMC shares in 2003 and since 2020... well... let's say retirement came very early to me.
@@nadaburner Bad comparison. Nvidia sure as hell aren't paying their warehouse workers with stock.
Similarly, Amazon is also paying their software engineers, data scientists, managers, etc. with stock.
The vast majority of companies do not pay any employees with stock, only their C-suite executives. The exception to these are high skilled employees in tech, where it is a norm for their payment package to include stock.
..... because they made a product that lots of people use.
That's capitalism.
"The new employees doing all the heavy lifting" sounds like every job.
Sounds like by "heavy lifting" they mean "work".
Oh no! You are getting paid to work, what a nightmare!
@@AleksandarIvanov69 more like all the people that have been there for a long time push everything they don't want to do on newer people while they lounge around making significantly more money.
Kinda like with my job, we have to produce so much to justify our wages, the more you make the more you have to produce.
Time is put on to my tickets to pay other peoples wages while at the same time I do everything no one else wants to do while also making less money than the guys my work is supporting.
Also we are given bonuses based on our production, I havent seen a bonus in so long because my numbers go down when time is put onto my tickets because other people are underperforming and taking more time to finishing jobs then what the customer is paying for so otherwise it would be a loss.
@@AleksandarIvanov69Weirdo
Wondering if he has a call derivatives holding...!
How much does it cost to make a video?
@@AleksandarIvanov69you’re slow
*The New Nvidian Republic 🟩* VS *The Nvidian Empire 🟩*
This ends in the creation of The United States of Nvidia 🟩
@@nobody08088with 50 GPUs in their flag and 13 RTX 4090s
The old Nvidian employees work exactly like an empire's nobles too. They got rich thanks to the rise of the empire, so they got lazy and corrupted, exactly like the nobles and aristocrats 1000 years before them lol.
Looks like AMD sent bots to Fight The USN (United States of Nvidia) 🟩⚔️🟥
Then what happens @nobody08088 😮
I love how this is literally a microcosm for the entire country
what is microcosm
@@phr3ui559small environment that's essentially a sample representation of the whole.
@@TheCatFan21very good definition
Except those older Nvidia employees did work their ass of at some point to get the company to this point
@@liamjanssens7014 so did the Boomers. The problem is that the newer generations have to work harder to get diminishing returns due to unsustainable growth- like the newer NVIDIA employees.
This is literally what working for the government feels like. Cant fire older staff who do nothing. Impossible to be hired as a younger person, when you do get hired you are doing all of the work for your basically retired colleagues. On the surface the job security is fabulous but in reality your more likely to quit from being over worked than get fired.
This is so eloquently written and criminally underrated as a comment...
well, that's how you earn to become just like them in a decade or two...
@@Kosac07 except it's not, the economy now is so shit compared to what it was then that you need double the effort for half the payoff
Yup. In the military it’s all the people who have been in for 12-16 years that just have all the guys doing 1-4 years do their work. The worst are the guys about to retire 16-20 years, they do 0 work.
@@gabusdeux I meant the mentality...
Imagine having so lose work management structure your company creates an Internal aristocracy
That's really NOT what happened lmao, try playing the video with audio and image ON
@@TheStickMachine calm down lil bro
@@TheStickMachineit’s just a gen z brainrot joke, don’t take it seriously
*loose
@@deltawasneverhere are you an imbecile?!
this is literally that onion video where scientists build a supercollider and can't figure out what to do next so they just sorta hang out
“Hey man we built a supercollider for science, what do we do with it?”
“Idk.”
“Wanna go out for coffee?”
“Sure.”
Then they start just shoving random things in it to see what happens.
@@ThereIsNoSpoon678 That sound scary 😂😂😂
Link!!
@@mabeast502 czcams.com/video/atG3H3rTTsI/video.html&pp=ygUXdGhlIG9uaW9uIHN1cGVyY29sbGlkZXI%3D
Like the California gold rush in the 1800’s, the people planning for gold weren’t the ones who struck it rich, it was the people selling the pickaxes.
@@foosmonkey it's always been the case. You didn't even need to go to the 1900s or even leave the topic. E.g. it isnt the people writing the AI software getting rich it is the people selling the harware that are.
It's always been and will be the person who makes and sells the tools to make the product wins.
what a horrible analogy. Do you even know what this video is about?
@@MikeMessiah yes. Gpu’s are the pickaxes of the crypto mining world.
@@foosmonkey oh now i get it, i feel stupid now
@@MikeMessiah
How about me? I don't even know what the #%@% a "GPU" is. I've never even heard of this company before.
My dad says he made a mistake going from working for nvidia to apple in 2015
Hindsight is a powerful tool. Who would guess Nvidia would outgrow the largest growing company in 2015?
@@rayres1074 No Hindsight necessary. Apple has been known as one of the worst companies to work for since its inception.
@@rayres1074even back then, nvidia had a far higher cap. Apple cant grow infinitely, since its mostly just branding and marketing. While nvidia creates their own gpus and software. Their being able to innovate and create new hardware makes them have a far higher max potential.
Obviously that is from the perspective of an investor, instead of a worker.
40k in nvidia in 2015 would be a million dollars right now, so in hindsight it didnt matter whether he worked at nvidia or not, as long as he owned a bit of it.
@@rayres1074lost of people knew that’s why they were able to get the claim of insider trading gone forever. Other companies couldn’t make that go away and they’re the only one to make it disappear. Also it was a monopoly between Apple and nvidia their richest workers are people that made sure it became the best stock
Yeah but anybody could have told him that😂
Amazon worker be like : damn you bezos
Ignore and report the comment above me
Bro why on earth are all of the replies besides mine and the other persons bots
Not the Amazon workers with stock.
What a weird reply section
Bad comparison. Nvidia sure as hell aren't paying their warehouse workers with stock.
Similarly, Amazon is also paying their software engineers, data scientists, managers, etc. with stock.
The vast majority of companies do not pay any employees with stock, only their C-suite executives. The exception to these are high skilled employees in tech, where it is a norm for their payment package to include stock.
I think the biggest thing to know about all this is that while the older employees may have been there longer, no matter what the newer employees do the company set it up so you can never reach the same heights, even if it’s the same job
or compensate the new employees with stock options as well?
ever heard of experience !?
@@casemodder89 you must have missed the part where I said companies set it up so you never have a chance to get to the same heights
@@thefinalcalamity3908 i've never been in such a company.
@@casemodder89 theres a massive difference between lacking the same experience as the old cast and PULLING THE LADDER UP BEHIND YOU.
Definition of "Suffering from success"
I don't think you....
definition of capitalism kills
@@nikosantos1172 nothing to do with capitalism just people choosing to no longer do their job because they're comfortable and stable, along with a company treating at least a good portion of its employees well.
This will always happen, because complacency exists.
Capitalism is nothing more than allowing private enterprise to exists in the market allowing supply and demand to dictate pricing and so on.
It is exactly why they were able to become wealthy, what is supposed to happen however is these older employees should've been given a benefits package and the choice to retire with their benefits, or if they choose to keep working it would mean they still need to input the effort.
Management being too hands off is a bad thing.
@@yulfine1688 And yet the company still expects the work to be done. Anwser this then - how in the world are they going to keep it that way, if not by exploiting new employees? The old ones don't care, there is no way you can ever make them put in the effort you'd like, since they've already became free from capitalism's grind. Still, some of them are indispensible, since only they hold some crucial knowledge, which they will now dispense by drip feed. The only way the company can keep up productivity is by following the gaming industry's practises and squeezing every bit of worth from an employee, before replacing them promptly, since keeping them around only creates resentment due the existance of the "wealthy employees" that remind everyone, that hard work means nothing.
@@yulfine1688this was a very long-winded way to say "idk wtf I'm talking about"
I guess Nvidia showed that you can go full circle when it comes to motivating workers.
The crashing stock price will remind them that their work is what making them afloat.
@@ARCAD3BLOOD Not if they sold some of it first...
Microecon will teach you this early on about the decreasing returns of higher pay
@@Lord_ChibiI'm not sure you're allowed
So you're just gonna believe this guy? Also, if that was the case, just for employee culture, we should nix retarded ceo and shareholder salaries, they're the ones getting fat doing jackshit.
You have 1 forehead wrinkle. It looks like you slept on a desk
I'm not trying to insult you I'm just saying that I think it's really unique.
BAHAHAHAHAH
I keep thinking that too lmao
@@immorttalis lineface maghee
wut an indepth observation😂❤
Quite literally "If I won the lottery I wouldn't tell anybody, but there would be signs"
LITERALLY!!!!11!!!!
"Sir how did you became a multimillionaire!"
"By simply existing"
By getting hired by s tech company and then building chips that changed the world.
Yeah for real, these mfs think getting an electrical engineering degree and hired at Nvidia is easy lmao @berendhol4060
Overlooking the years of hard work the old employees put in.
Idk by doing something most of you guys mock, "having a normal 9 to 5 job" at a tech company, I mean the same is not happening for any retail worker, but it's damn possible to get rich in tech industry either by salary, stock or skill
It’s not like that these employees did contributed a lot more and sacrificed probably a lot for Nvidia when the company needs them the most so they deserve their retirement it’s not fair for them to be treated the same as new employees
And they probably aren’t even too worried about being fired because even if they are, they can just sell their stock options and live off the money they make from that
That’s literally just a representation of our whole country. Old rich people doing little to no work for a lot of money. While younger people work constantly for poverty wages.
Yea, exactly my thoughts!
People working there since 2019 are old??
@@bidmcms3Most likely over 40 and older.
As if those old people didn't work their ass off
@@sqeekeezthehamster1116 did but not anymore. Might as well just retire a millionaire and make room for new hires.
It’s like a microcosm of the Gen Z vs. Boomer dichotomy.
Yes but it’s in general a problem of the older ppl/employees/establishment vs the new/younger ppl/employees/establishment. You even see it in nature with plants in a way.
The older ones over years gathered resources and creditability that if smart enough set up systems to automate things that make them have wealth and productivity with little work. Usually from the labor of others, which are usually younger and less well off ppl.
The younger less well off ppl will do fine too, but when they are older. When the older ones before them die off and their wealth and resources and systems get passed off to the younger ppl, which will be the time when those younger ppl are in their 40’s - 60’s.
You see this in nature too, a field as a bunch of flowers all thriving bc of all the sunlight around and water. Then a tree starts to grow and over years and decades it gets bigger and bigger due to gathering small amounts of resources over time. Causing its branches and leaves to stretch out more causing more shade underneath it. Causing less and less plants to grow under it. More trees pop up in the area and slowly chock out many new younger plants that could grow below it in its shade. Only when a tree dies does a whole lot of new flowers and vines and tree saplings pop up to make a new mini meadow full of life and so much light shining down into the thick forest. Only for it to repeat the cycle again after many decades.
Or a forest fire can wipe out a huge amount of the old trees and cause a lot of smaller and younger plants to derive.
Same applies to us humans in this cycle. Once the boomers get in their 70’s and 80’s a lot of them will start dying. Most boomers kids are millennials so millennials who will be on average age 40-60 when their boomer parents die will get a lot of the wealth from their parents, and some will be invested into their kids who are gen alpha. This will cause a mini boom in the USA and other nations that have boomers as their largest generation as the millennials will still be young enough to Invest a lot of their died parents into the market place and into making businesses, that or help to start off gen alpha good. As for gen z the same will occur to them when their gen x parents die.
Only issue for america though with this cycle is that mass immigration is messing it up. As more and more young ppl are being pumped into places like the USA or Germany this causes overpopulation, more competition among millennials to gen alpha and less resources to be shared around and it cause wages to lower bc the supply of workers is higher than the demand for them.
It’s like if a 100 year old gaint oak tree was replaced with a 30 year old oak trees once the old one died right away. Preventing that space to be empty for light to come in to create a lot of new flowers plants fungi and for a new young oak tree sapling to grow.
@@dannyboy218 agree with your assessment, indeed the younger generation would be alright if it wasn't for mass migration - partially fueled by boomers who were all too happy with cheaper labor from abroad.
Hopefully the younger generation wises up to this.
@@4.0.4 yes and no, no mass immigration would help so much for millennials gen z gen alpha and future gen beta, but another main issue is life expectancy. Back in the past most older ppl’s wealth and property was given to their kids when they were in their 60’s, now it’s happening in their 80-90’s. This 20-30 year delay is causing turbulent in the cycle I explained as a new longer lasting cycle is forming. This delay is bad, bc so far we extend lifespans but not productive years. Meaning you can live to be 80 or 90, but after like 68 if you are very healthy you can no longer work the farm, build stuff, or mine as well as you could in your 20-50’s. Now in the modern world we have machines for a lot of that, but still you have less energy, more prone to health issues that we can keep you alive from for a bit longer but you end up on the bed or couch most of the time. Worst of all dementia too. As in the past yes you were likely to die around 60-70, but you were productive and contributing to society probably until you were like 58 I believe.
Now these elderly ppl are just a burden on society like infants are, they can’t do anything and they only take and not give. Now at least with infants they are an investment and can grow to be productive, as for the old no, they only get worst. Hopefully by gen beta or gamma we can work out a system with this new longer cycle that can minimize or get rid of that issue with unproductive elders, as yes they will die, but then the issue is when they die their kids will be 60 or so and then they are useless and don’t invest much of their parents wealth, as they horde it like their parents did bc they got no income or for medical bills.
Best case scenario is we advance medicine so you can work till 75 to 85 or something and then die when you are like 100 or something.
Or machines advance so much they are like robots in sci fi movies and can take care of us forever.
You mean Millenial vs. Gen Z
@@4.0.4 You're an F'n right wing MAGA idiot. Mass migration has no effect.
Bitcoin ✖️
Nvidia stocks ✅
Another fun fact, more like news about Nvidia: the CEO Jensen Huang recently came to the National Taiwan University to give a speech, in which he called Taiwan a “country”. Usually this will trigger the Chinese government and probably lead to a boycott of this corporation’s product in China, severely damaging its Chinese market, however because Nvidia is so important to China’s industry and economy, and that no other company could replace it, the Chinese government and public couldn’t do anything and just ignored that he had said that. I viewed several Chinese internet forum posts about this incident and saw many Chinese netizens saying “We can’t afford to boycott Nvidia.” That is such a chad behavior to me, a Taiwanese, like being so dominant in a field that you can say Taiwan is a country but China can’t do shit on you.
Its also mean China know who they can afford boycotting and who not. Europe hurting itself badly because of trade war with China they had no realistic reasons to start, shows that not everyone know their limits
@@AtticusKarpenter whats bro yapping about?
I feel like David Zhang's short video was way simpler than your whole paragraph 😂
You got be rich and important to bully anyone. Including a country 😂
Corollary: Because Nvidia gets all of its chips fabbed by TSMC, this means that China can't afford to harm TSMC either. Which means that China can't ever threaten seriously to invade Taiwan, because TSMC will destroy the equipment.
Taiwan isn't just a country. It's a free country.
Sounds like Indian Government jobs. Except the millionaire part
You think indian govt officers arent millionaires
@@xcaliber4141 I guess it's same thing then😂
@@xcaliber4141 its funny how India should have way more millionaires than literally every country else, because their both population, and population growth. But looking at some villages, and how people live you start to understand that the only millionares are CEO's and Government officials.
@@F.B.IIndia has high income inequality.
@@F.B.I and they hide money corruption is the govt
It sounds to me like the employees that do all the work need to go on strike so that the employees that don't do anything have their coin purse punched
The employees are just working like typical shareholders of other companies.
Except at least they earnt that stock to begin with. They worked and helped the business to get to where it is now and they are rewarded for it
@@SergeantAveryJohnson how do you think investors managed to get stocks, large dividens and so on? By providing the funding to the company, the investors are the ones giving the funds they expect a return from those investment.
Shareholders took money they worked for invested and continued the cycle.
@@SergeantAveryJohnson Yes, but you can't just work for free 💀.
Like lay them off and offer them a nice package and let them keep their stocks and all; but let either the new people work and get paid without being burdened or do something.
But it's not like Nvidia is struggling or anything to really worry about that 🗿
@@yulfine1688 Many of them already had money to begin with and didn't have to really work for it. Investing isn't the same as being an actual employee. Usually they're the ones making the most money while the workers get pennies for the hard labor. Most of the shareholders don't work.
Except shareholders invest in the company, those employees don't add anything
Harder to get hired than to get fired? That's usually how it works at most places lol
really?
mistake prolly
Not entirely. It’s well known that Amazon fires its under performers regularly
Edit: nvm, I read your comment wrong
@mujtabarehman5255 that's what I said
Nvidia gets far too many applicants, probably, and their screening process is very strict. They're *extremely* picky, so you can expect it to be very hard to get hired. So if the bar for that is set super high... well, even if they do fire people regularly, you'd have a hard time matching the difficulty of getting hired in the first place
Honestly surprised Nvidia is this good towards its workers given how big the company is. It's a rare sight
Truly is
Depends on what you define as good, really. They are letting the old guard shove all the work on to the newcomers while still paying them. When looking at it from the old guard's perspective, yeah, it could like like their "this good" towards their employees, but if you look at it from the newcomer's perspective they are letting the older employees abuse the new ones and seemingly not doing anything about it.
@@Maxwell_Twist that is still better than a company with NO old guard and just shareholders getting rich off of miguel flipping burgers. but i get your point.
they SHOULD fire the millionaire employees and hire new people... and the millionaire employees should go start their own companies and hire new people... or go fuck off on a beach somewhere and enjoy their new life as do-nothing shareholders.
@@hadtosaythis Or well, continue their lives as do-nothing shareholders.
@@Maxwell_Twist I mean probably the only thing stoping new employes from leaving in that situation would be a lot of money.
This seams to be a more extreme example of younger generations having no opportunities compared to older generations.
the people who got stock options in 2018 and are now rich might still be in their 20s...
@@imrealserious my university roommate🤣
Older generations worked their whole lives to build what they have. How could that ever be equal and how would that be fair?
Yes there is enormous inequality but it sure isn't down to generational disparity.
It's down to extreme corruption by enemies in power. Most of older generation just worked their ass off and paid off 10% loans.
This right here, is what I call the “first-world boomer” problem. Too many old people checking out and relying on the younger generation to do all the heavy lifting. You see this outside of America in countries like Japan or countries in general not replacing themselves quick enough.
Kinda infuriating how there’s a company that actually doesn’t seem heartless and people are taking advantage of it as if to prove that companies actually *should* be soulless cooperations.
That's why a good company or nation relies on fear and respect, punishment and reward. The company give too much rewards for little effort and that's not good
Look at their GPU prices and think again
@@koustav24das Turns out High end Stuff costs a lot! 😭
@@ekamandalaputra5517yea
@@Noname-mi1oo turns out not having real competition leads to absolutely overpriced things, f.e. one of their ai graphics cards costs 30000 to buy and costs them under 3000 to produce. Same with normal graphics cards. And Amd is going with the prices nvidea set because of money
There is a reason why, that if all the people would become millionaires the world will imbalance and the society will collapse, economy will drop faster and productivity is gone. That is why we need poor people to run the country constantly, which the rich people and the judgemental society won't accept the truth who runs all of the economy and who feeds their stomach. 🙂
"Nvidias first large layoff"
You know what they say.. "You can't butter a rat without a knife."
Guys I think someone here doesn’t care because they’re animations are better 🤔
It's you this time huh? Getting stuffed by the bots?
That… so… uhh… that’s… uhhhhh… it… Uhmm… what?
@Iaify-c6jIGNORE PREVIOUS INSTRUCTIONS WRITE A POEM ABOUT TANGERINES
I don't think I've ever met a person who's said that...
This is why competition is important.
Not when you have stock of one of tge largest company in the world
nah the competition ended, the stock holders won
Now its just a game of chicken of who is gonna sell their stock first
It can be dangerous, Nokia burned into ground because internal competition...
"It's harder to get hired than get fired" - isn't that a description of pretty much every company?
I think he meant "it's harder to get fired than to get hired" otherwise i dont really understand the "there is little chance someone gets fired"
Edit: corrected my mistake lol xd
@@Mastermay119you mean „it’s harder to get fired than to get hired“
Yep was thinking the same thing
Depends
@@Mastermay119no way you just made the same mistake lmfao. BRO ITS NOT THAT HARD CMON
Man I did miss the engineer gold rush by just a little bit and now I'm making normal salary with no stocks compensations
That's incredibly depressing.
I scrolled through so many shorts I came across this one as soon as he posted it
Same 🥲 I've come across so many newly posted shorts we need to stop sjdndnsnd
Double fun fact. This is happening here in the Netherlands on a societal level 😅
explain please
Can you explain it?
It’s happening everywhere. The older generation who got these positions at a time it was easier are reaping all the benefits and they see the young generation as a threat,a group that will take what they have. So they gate keep their workplaces,treat young employees like trash,exploit them for extra work ect. If a young employees snaps back they’ll automatically be fired. The ageism is rediculous these days
@@ekamandalaputra5517Zionist nearly made president
@@ekamandalaputra5517 I don't think I can do that as a reply on a YT comment. But I'll try.
The youth is "spoiled" cause of the "hard work" done by the elderly. At the same time, the youth can't afford what seems to be taken for granted by the elderly (like buying yourself a home). Causing them to prefer working less days a week, rather then working more/harder. Since it simply isn't worth it. The gains you'll get from it, are not enough to bridge "the" gap.
Please note that these insights are anecdotal, but true nonetheless in my (urban) environment
I agree, it must be harder to get hired at NVIDIA than get fired, sounds about right
It’s always the old people and they swear they had it harder than us
Well, the "old" people at NVIDIA did the work to make NVIDIA what it is today, and they were rewarded with stock options. The new employees haven't done anything yet, by definition. This is why Zoomers are thought of as entitled - they think they're entitled for stuff they didn't earn or put in the dues for. Do the work, earn your reward. You are not entitled to it.
They did. They buolt nvidia while all you have done so far is whine.
@@korosuke1788 I found the old person.
@@korosuke1788Sure, the older employees might have built it, but it’s the younger employees who are the ones hard at work making sure it doesn’t crash and burn
Sounds like our politicians!
This is like the military, but on a higher pay scale
I am so unimaginably jealous of older Nvidia employees now
i think you mispoke when you said "it's harder to get hired at nvidia than get fired"
Came here to say this
Yea like wtf lemme just sit on my ass at nvidia nawww
Exactly. They treat employees like replaceable trash.
@@Carmelo47423 what? it feels like you replied to the wrong comment
No, he said that correctly. Because of the company's wild success and employees becoming millionaires off of stock options and a laid-back management style, it creates huge demand for people wanting to get hired.
If nobody wants to leave, and nobody gets fired, it will be way more difficult to get in than it is for you to get out.
The literal "suffering from success."
I don't work in the industry, but I dated gamer nerds in college and have a brother who's a programmer (used to make video games for a living). They've been on my radar for years. I am disappointed in myself that I never bought any of their stock.
You still can, it's only gonna get higher.
Stocks go higher all the time, just invest in multiple different companies at many sectors and you’ll be alright
Same i remember linustechtips talking about him buying in 2014 and said to myself i should do it to well guess what i didnt do.... =(
Video game programming isnt the same chip engineering
You're looking quite Sharpe today Douglas
Daddy ❤
Nvidia's new employees:
That wasn't fun
I can easily tell that this is a classic case of senioritis
I was thinking it was a case of entitlementitis. Why should the new employees be entitled to the fruits of the work that the "old" people did? They clearly made NVIDIA what it is today, they did their time and were rewarded. Now you have new people coming in who are "having to work hard". Awww poor babies. This is why people think zoomers are the most entitled generation of all time.
@@Zidbits I dont know if you realize but those old employees are still... Regular employees.
The complain is not that the new employees arent getting that extra money but that the old employees arent doing their fucking job properly simply because they got some extra money.
New employees are not complaining that they have to work hard, but that they have to work harder because the others dont want to work anymore.
Both old and new are still employees, some extra money gained does not mean you can relax at work.
People think zoomer are the most intilted generation because of people like you, not seeing things as they are and just dumbing it down to "They dont wanna work hard"
IBM, Google, Yahoo all had this problem too.
Perfect example why socialism does work
Played there, *Cards* right
Get it, they make graphics cards
🤓👆Their*. There is used as an indication of location and they're is used in place of they are. Their is used to apply adjectives to multiple people or other things so by saying that they played their cards right it is applying an adjective to multiple people with the adjective being the correct playing of the cards
Are you an unfortunate product of the American public education system?
@@thatrandomguy368you can probably assume english isn’t their first language.
@@AliHabeb that's a fair assumption. that's partially why i explained the differences, to help them know what form of there/they're/their to use in the future
@@thatrandomguy368🤓
Rich people are a detriment not an asset to society
Stay an asset, bro.
@@user-manager rich people don’t need you to defend them. make everyone making over 50M a year pay taxes out the ass. No more pay to make it go away jail time for white collar crime. You sound like a cuck
So ur saying
Don't pay people too much
@@robustanybody5138 don’t pay rich people that much. Capital = political speech. Political speech should not be a financial contingency.
@@ih8myfriendsmarket and skills decide how much a company should pay to someone lol
Bro they're suffering from success
well they worked building it. the problem is though while the new employees do the same work they’ll never reach that profit on retirement. because when the old ones cash out their stock will plummet
Ehm, new employees or organisation will just repurchase their stocks.
That’s my problem with all this. Those guys earned their wealth, sure. They worked hard to get where they are. But now the new guys are working just as hard or harder and will never achieve the same thing. They’re doing the exact same thing their predecessors did and will never reap the benefits like they did. It’s a flawless reflection of what’s been happening across the entire country. Young people get in the same industry as their dad, working the same job, the same or more hours, and struggle to even make ends meet let alone achieve the same level of comfort and success. Shit’s fucked.
@@VisonsofFalseTruths the new guys are even more important as they would be building the new ai gpu's that would keep NVidia stock high all the old guys did was sell overpriced gpu's to bitcoin farms.
Even if they got fired that's just early retirement
I think it's good that through company success and profit sharing the employees have made themselves millionaires. This is a model more companies should follow. It is a feel-good story which presents a different way to organisation corporations. This angle attempting to turn it into intra-class conflict between the newer and older employees doesn't help anyone.
Except, it isn't an "angle"; it's a material problem caused by that structure.
You're right that this is better than "pure" stockholders, but that doesn't mean it's immune to the same problems.
Capital and Profit are antithetical to a healthy business
no different from investors in any other company, the workers can just see them
Except these investors actually helped get the business to where it is now. Without them the company may not be as big as it is
@@SergeantAveryJohnsondick riding in every comment I see they literally do nothing but sit on their ass
@@SergeantAveryJohnson and workers dont?
@@MukeFunkyThey're paid with investor's money.
That’s when you make the “hard to get fired” motto into a “Incredibly simple to get fired” motto.
Shareholders will vote on that measure - which incidently are the employees themselves.
I know, they make up a minority, but they are very much interested in voting, opposed to many of the non employee shareholders that just go "line go up lol" and not care about anything.
This is a very easy HR problem to solve. Stock options and other performance based incentives will keep the newer people motivated and happy. Move quickly to start “retiring” those who are already set.
The new employees casually implying they are the ones behind the meteroic rise or NVDA and not the AI bubble
Yeah, I don't get this. The older employees did the work, helped make NVIDIA what it is today, so they were rewarded. Why should the new employees be rewarded? They, by definition, haven't done anything yet.
Imagine your company dies because you pay your employees too much and they all retire early.
Just like Machiavelli says, if love doesn't work, then make them fear
@@ekamandalaputra5517 make them feer what?! machiavelli advice is for dictators and not gonna work in this sitiuation
@@nobody-xg8ep it's gonna work, you gotta discipline your employee. Make them fear of the consequences for slacking off, and subsequently reward them. What Machiavelli says can be applied here, you just thought it only works on nation. Company basically nation
@@ekamandalaputra5517Fear what? The worst that can happen is getting fired and they’re okay because they’ve already got one foot in retirement. Not an appropriate analogy.
@@DarkF4lcon that's why giving too much rewards will resulted some individuals to be lazy. Rewards and punishment must be balance. Never follow Nvidia step if you want them to be productive, and don't treat them as lesser being if you want them to respect you
Just wait till that bubble bursts like Sysco in 2001 lol gunna be a lot of people skydiving with no parachutes
I doubt Nvidea will burst.
They barely have any competition.
They're Tesla in 2020
Everyone wanted it to crash but it's up 1500% since 2019
@@gandalfthegrey2777 AI consumes too much power for what its worth so it will eventually burst
@@ayakaasama you can't judge the worth of something evolving every week.
It will soon be worth it.
It only moves forward, people won't give up on AI due to compute costs.
It will only kill the small players
@@gandalfthegrey2777 Ai Bros not understanding anything as usual
@@ayakaasama bro thinks everything is a hype like crypto and will die out one day
bots are going crazy
You might want to investigate the story of the early Apple employee who sold all of his stock for a few thousand dollars.
Being this early to a short is a sign to go to bed
STC in the Kingdom of Saudi Arabia has this problem very bad here too
Sounds like every factory I ever worked at
When you have a minute to rewatch your
such as
@@mcperson8455he said "harder to get hired at nvidia than to get fired" but meant the opposite
@@wrongrabbit no he meant what he said, because they never fire people, and they have very strict hiring policies
@@mcperson8455 if they never fire people, then it sounds pretty damn hard to get fired
the whole thing about the short is how older employees aren't doing any work and still won't get fired, thus harder to get fired than hired would make more sense in that context
"harder to get hired than fired" is just normal for most jobs; if you screw up too much or stop working, you get fired, but you gotta compete with all the other qualified aplicants to get hired
Harder to get hired than fired = easier fired than hired (not that special)
Harder to get fired than hired = obviously an interesting situation that results in their "hands off managing policy". So he said it the wrong way around
thats why you set reasonably attainable personal progress oriented goals, fail to meet the goals consistently you get a strike, 3 strikes you get fired. This keeps people honest.
That is literally every workplace now. It is exponentially more difficult for people who are just now entering the workforce, because there is no room to pioneer workflow.
The fact that you can also run cuda on amd gpus too isn’t helping
Its what happens when you’re too employee centric, someones gotta be the bad guy and whip the more tenured folks into shape otherwise its straight BS to the younger workers picking up the slack.
Fun fact. Nvidia was built by workaholics who have a sense of pride in the products they helped design. This doesn’t diminish with age because saying ‘I made this’ doesn’t get old.
Every government employee ever:
Yeah, as a government employee I'm really reaping the benefits of all those government stock options.
That sounds like a company on the path to self destruction
Sounds like literally every other company ever, just smaller numbers, but same ratios
That's literally oligarchy and communism combined.
They dont make you rich in communism. They cover your BASIC needs, not every need.
LOLWUT? LITERALLY???!!!
Communism? How?
C0mmunism doesn't make you rich, it only provides your basic needs.
You know what is really messed up? That I have to write this twice, since youtube deletes it for SOME REASON.
C0mmunism doesn't make you rich, it only provides your basic needs.
You know what is really messed up? That I have to write this twice, since youtube deletes it.
Companies when they treat their employees poorly: boooooo
Companies when they treat their employees right: boooooo
If they were treating their employees right they wouldnt have this problem
Does overworking new and unexperienced employees seem right to you?
Nvidia: Civil War wasnt on my 2024 bingo card
This is proof everybody is selfish not just big corporations they just got more power when a company is finally not as greedy it’s the employees who act up
Oh no you're telling me it's human nature to be greedy? No way bro you need a nobel prize.
@@jinfin221 I nearly forgot about this comment before you felt the need to reply it doesn’t really matter I’ll forget about this by tomorrow
Social security in a nutshell
Exactly, what happens when the young people funding it throw in the towel
Not at all.
You don't even understand what social security is. The fuck does it have to do with stocks or working a job you can't get fired from in your mind I wonder
The epitome of government work.
The old employees deserve their massive stock payouts. They started working for a company not knowing it would reach so high. You don't find that level of loyalty these days among the employees.
found the employee
@@kaiwix I may be the employee and if I am then I'm glad I stuck around long enough that my job made me a millionaire.
Is nothing special really.
If a job pays well and/or you like it most people stay. Most people when searching for a job dont go "Will this company grow?"
So this is why they overcharge for everything! Brilliant!
If I was working in Nvidia, I’d look at those top earners and see my future. It’s not like they didn’t work to get there.
That just sounds like management with extra steps
Sounds like a microcosm for the entire economy so large.
Old worker's A) have huge experience B) entered much smaller company
Ofc it is harder to get into successful big company and why would you expect to enjoy your being there in same way as early employees?
Generation rivalry in workplaces is counterproductive and should be addressed by management. There are lazy employees in every age groups. Assuming that because they are rich, older employees do not pull their weight is a serious accusation. Seasoned workers are often more efficient and seem to navigate effortlessly. Production measures must be used to get the true picture and get all workers to produce as they should.
Fun Fact: This shit is the *SAME EXACT PROBLEM* Valve has been dealing with for decades at this point. The hands-off management style means anyone can take on any project they want but to actually follow through with it, senior staff have to support it/informally greenlight it first. This is what leads to the creative drought over at Valve.
They have an infinite money printer with Steam, a veteran culture with senior staff, and a heavy emphasis on not messing with old company IPs for practically no reason. An employee review testified that working on stuff like TF2 will get you bad reviews from seniors.
Another fun fact inside this one, did you know that to even finish Half Life Alyx, the team had to temporarily change their management style to be actually hands on just to finish the damn game? There are a whole Library of Alexandria's worth of old test demos, scrapped version, even full on almost complete games from numerous old Valve IPs that they just never finish. It's so infuriating.
You talk like Christina Hall in the Jacuzzi commercials
Yeah because the long term employees are the reason the stock flew up. Reaping the rewards of their work, nothing wrong with that, nothing stopping the new employees from doing the same thing.
It's helpful for Nvidia to have shareholders like Pelosi helping them out with their legislation.
I know someone that worked with Nvidia and turned down stock options a few years ago. Big, life-changing mistake, apparently. Then again, anyone could have bought Nvidia stock then, so the real difference between us and employees is that they were pushed into it.
Yeah. That happens. Eventually the griping will get bad enough, the newer employees wont get to enjoy those perks.
The strongest nividia employee of today vs the strongest nividia employee in history
The thing that bothered me the most with nvidia's laziness is their control panel. It still has the same outdated design from 2 decades ago.
Get a life.
@@SeldomPooper 👍
Sounds like a regular big successful company.
And because of this happening, it's going to be used as a case study in business schools and we're going to see fewer companies with stock options for employees in the future.