Samsung Electronics narrowly averted a walkout by nearly 48,000 workers this week, after executives agreed to a tentative deal over bonus payments. But the labor union’s demand for a bigger share of profits from the company’s semiconductor business has sparked questions — in South Korea and elsewhere — about who benefits from the AI industry, and whether its rewards should be shared more equitably.
Samsung, the world’s biggest memory chip maker, has reported record profits in recent months amid a global shortage of memory chips. The labor union had demanded the company allocate 15% of operating profit to bonuses for all workers, not just those at the memory chip division that supplies Tesla, Nvidia, and other big tech companies.
“As the AI industry drives record operating profits, union members are in a structure where they cannot receive the performance-based rewards they deserve,” Choi Seung-ho, head of Samsung’s union, told Rest of World. “We want to change that.”
The ownership class, which enriches itself every day by stealing from labor, has never willingly redistributed its wealth. They will resort to violence to keep it, and only the legitimate threat of violence towards them will bring them to heel.
the latest colonization of prior human effort. I am not absolutely against LLMs and a push towards actual AI, but all financial proceeds from this effort must be shared equally and globally.
however, human nature being what it is, we will almost certainly empower the very worst outcome - because… of course!
edit: word
