I heard some grumbling about @Staff salaries in the context of cohost's financials.
According to the most recent released figures, each member of staff is paid US$94,616 per year.
As of today that's equivalent to £74,319.38.
On that salary, I could buy a three bedroom house in the town where I live and be mortgage free in three years.
(This isn't a podunk middle of nowhere town, either, it's a town with a booming population and lots of housing being built constantly. We're an hour from two major cities and two international airports.)
Or I could take a single year's salary, and buy a brand new Ford Mustang GT, Dark Horse trim, and a year's fully comp insurance as a new driver. Full retail, no haggling with the dealer, paid in cash.
Or, since I don't drive, I could just buy groceries for myself for fifty one years.
That's how much money they pay themselves.
I could be very heavily critical of the site's dependence on taking out more and more loans while paying themselves stratospheric salaries and being reluctant to implement any way of getting actual revenue. But I won't, because foolish people dig themselves into holes they can't get out of every day. It's not interesting, and nothing I could say would be of any benefit.
And also that's not actually the issue. I don't care.
What I care about is that cohost plus exists, and that it functions as nothing more than a method for users to donate money.
What I care about is that Cohost's userbase seems very poor. We're all intensely queer, most of us are living on the fringes. We've either got terrible low paying jobs or no job and sometimes no job for years. Every day, we pass the hat around because one (usually several) of us are financially fucked and are either an inch away from losing a roof over our head or already have.
With that in mind, is it at all ethical for cohost plus to exist? It's very poor people giving alms to the rich.
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I do not give a shit how much Cohost staff earn in itself. It could be $200 million dollars a minute, more power to them.
My issue is that, while paying themselves very handsomely, they are effectively accepting donations from a userbase that largely won't ever earn anything like what cohost staff do.
I think that is a fucked up relationship. Charity is not supposed to flow from the worse off to the better off.
They need to actually offer something in exchange for money.