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  3. Valve makes almost $50 million per employee, raking in more cash per person than Google, Amazon, or Microsoft — gaming giant's 350 employees on track to generate $17 billion this year

Valve makes almost $50 million per employee, raking in more cash per person than Google, Amazon, or Microsoft — gaming giant's 350 employees on track to generate $17 billion this year

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  • koboldcoterie@pawb.socialK koboldcoterie@pawb.social

    Sure, but the point I’m making is, it’s not Steam’s fault; they’re simply doing a better job than their competitors of making their storefront attractive to consumers. Rather than blaming Steam, you should be blaming the other storefronts for not being able to capture market share.

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    dukemirage@lemmy.world
    wrote on last edited by
    #45

    I‘m not blaming anyone.

    1 Reply Last reply
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    • koboldcoterie@pawb.socialK koboldcoterie@pawb.social

      This actually seems like not a terrible spread. The average for the top earners is a little more than 10x the average for the lowest earners… Obviously outliers could be skewing that data (there could be one hardware developer making 30 million while the others work for poverty wages) but from the data we have, this isn’t nearly as wide a gap as I would have expected.

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      jaselle@lemmy.ca
      wrote on last edited by
      #46

      Valve moved into hardware long after its other ventures, so it’s not surprising the hardware devs make less – they’re newer. Still, $430k/yr is an enviable salary…

      koboldcoterie@pawb.socialK 1 Reply Last reply
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        zorque@lemmy.world
        wrote on last edited by
        #47

        I don’t think it’s misleading, “generating” implies gross profit, not net. It’s not explicit, but it’s also not misleading.

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        • B Bob Robertson IX

          Mono=one poly=seller… and last I checked Steam is not the only seller of video games. They aren’t even the only seller of digital video games. They aren’t even the only seller of digital video games for SteamOS.

          They are the largest because they do what’s right by their customers and employees. As a ‘for instance’, I bought Portal 2 for the PS3 many years ago. I no longer have my PS3 but I can still play Portal 2 (as well as Portal which was just thrown in for me) on any PC.

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          warm
          wrote on last edited by warm@kbin.earth
          #48

          Technically Steam is not a monopoly, but the way people commonly use the term these days is as simple as “majority market share”.

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          • Z zorque@lemmy.world

            I don’t think it’s misleading, “generating” implies gross profit, not net. It’s not explicit, but it’s also not misleading.

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            Triumph
            wrote on last edited by
            #49

            “Makes”.

            1 Reply Last reply
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            • J jaselle@lemmy.ca

              Valve moved into hardware long after its other ventures, so it’s not surprising the hardware devs make less – they’re newer. Still, $430k/yr is an enviable salary…

              koboldcoterie@pawb.socialK This user is from outside of this forum
              koboldcoterie@pawb.socialK This user is from outside of this forum
              koboldcoterie@pawb.social
              wrote on last edited by
              #50

              This was from 2021, so prior to the Steam Deck… that was really their break-out moment, I think, with regards to hardware. The Steam Link and Steam Controller were neat but didn’t really capture their respective markets, and the Index was widely considered one of the best VR headsets on the market but that’s a relatively small market, and it priced out all but the enthusiast tier consumers. The Steam Deck on the other hand had mass appeal and basically ushered in a golden age of handheld PC gaming… not to mention the immense hype around their recent hardware announcements. Could be that their hardware team is making more now.

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                zorque@lemmy.world
                wrote on last edited by
                #51

                Again, implying gross profit, not net. It didn’t say “makes” 50 million profit. You are inferring something that is not otherwise implied.

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                • F falsewhite@lemmy.world

                  I don’t get it. Are there any sources for this?

                  Are you saying the more people get paid the less work they do? This doesn’t make sense to me. This sounds like a management and hiring issue. If someone doesn’t want to work, you replace them with someone who does. Don’t hire lazy fucks, hire competent people.

                  If I had a job that pays say 1 million a year, and I know I won’t be able to get paid nowhere near as much at another company, I would make sure I work hard enough not lose that amazingly paid job, because otherwise I will have to work for half that and give up my rich lifestyle.

                  Again, a management issue for letting employees become zombies and a hiring issue for hiring lazy bums.

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                  stupidcasey@lemmy.world
                  wrote on last edited by
                  #52

                  It is actually very well established:

                  https://link.springer.com/article/10.1007/s11211-008-0063-2

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                  ScienceDirect

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                  Equity theory - Wikipedia

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                  Motivation crowding theory - Wikipedia

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                  When Do Financial Incentives Reduce Intrinsic Motivation? Comparing Behaviors Studied in Psychological and Economic Literatures

                  Objective: To review existing evidence on the potential of incentives to undermine or “crowd out” intrinsic motivation, in order to establish whether and when it predicts financial incentives to crowd out motivation for health-related behaviors. ...

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                  PubMed Central (PMC) (pmc.ncbi.nlm.nih.gov)

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                  https://www.bsfrey.ch/wp-content/uploads/2021/08/crowding-effects-on-intrinsic-motivation.pdf

                  F 1 Reply Last reply
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                  • F FishFace

                    Ah OK, so the classic monopolies in American History (Standard Oil - controlled 90% of its market; American Tobacco - controlled 80% of its market) were not monopolies.

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                    Bob Robertson IX
                    wrote on last edited by
                    #53

                    And Steam controls 80%-90% of the video game market?

                    F Chloé 🥕C 2 Replies Last reply
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                    • Z zorque@lemmy.world

                      Again, implying gross profit, not net. It didn’t say “makes” 50 million profit. You are inferring something that is not otherwise implied.

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                      Triumph
                      wrote on last edited by
                      #54

                      Considering that I’ve seen conflation of revenue and profit from actual journalists, I stand by my previous statement.

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                        Bob Robertson IX
                        wrote on last edited by
                        #55

                        Treat customers right and you get rewarded. They are the majority market shareholder because they have earned it, not through deceptive business practices but through being a great company.

                        If they were a monopoly they wouldn’t allow other game catalogs on their systems, yet I have GOG and Epic on my Steam Deck. In fact, there isn’t even a requirement for me to have Steam on my Steam Deck. Just because a company is the market leader doesn’t mean they got there through unethical means.

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                        • D dukemirage@lemmy.world

                          If I want my game to sell I have to release on Steam, though.

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                          Bob Robertson IX
                          wrote on last edited by
                          #56

                          I know! There’s this great game called Fortnite that no one has ever heard of because you can’t get it on Steam. /s

                          D 1 Reply Last reply
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                          • P prole@lemmy.blahaj.zone

                            Do they have any kind of profit sharing program?

                            I’d be kind of pissed if I worked there and made like $70k or whatever, only to read this shit.

                            JyekJ This user is from outside of this forum
                            JyekJ This user is from outside of this forum
                            Jyek
                            wrote on last edited by
                            #57

                            Their lowest paid employees still very likely make 6 figures. Valve has historically taken very good care of their employees.

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                            • alessandro@lemmy.caA alessandro@lemmy.ca
                              This post did not contain any content.
                              appoxo@lemmy.dbzer0.comA This user is from outside of this forum
                              appoxo@lemmy.dbzer0.comA This user is from outside of this forum
                              appoxo@lemmy.dbzer0.com
                              wrote on last edited by
                              #58

                              Not hard, if you don’t have 20k employees.

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                              • B Bob Robertson IX

                                And Steam controls 80%-90% of the video game market?

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                                FishFace
                                wrote on last edited by
                                #59

                                of the PC video game market, yes.

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                                • TheTechnician27T TheTechnician27

                                  That tends to happen when you have a monopoly on an industry where you get 30% of the revenue from other people’s hard work.

                                  appoxo@lemmy.dbzer0.comA This user is from outside of this forum
                                  appoxo@lemmy.dbzer0.comA This user is from outside of this forum
                                  appoxo@lemmy.dbzer0.com
                                  wrote on last edited by
                                  #60

                                  Go do your own game shop with the feature set of steam.
                                  We have seen how well that was executed with Epic.

                                  I wouldnt even call the GOG implementation bad but it obviously lacks the PR in comparison (+ games like CP2077 are also available on Steam)

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                                  • B Bob Robertson IX

                                    Treat customers right and you get rewarded. They are the majority market shareholder because they have earned it, not through deceptive business practices but through being a great company.

                                    If they were a monopoly they wouldn’t allow other game catalogs on their systems, yet I have GOG and Epic on my Steam Deck. In fact, there isn’t even a requirement for me to have Steam on my Steam Deck. Just because a company is the market leader doesn’t mean they got there through unethical means.

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                                    FishFace
                                    wrote on last edited by
                                    #61

                                    You are equating “monopoly” with “abusive monopoly.”

                                    Google got its monopoly in internet search by being better than the competition. It’s still a monopoly, even though it mostly plays by the rules.

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                                    • D dukemirage@lemmy.world

                                      If I want my game to sell I have to release on Steam, though.

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                                      truscape@lemmy.blahaj.zone
                                      wrote on last edited by
                                      #62

                                      Hey look, the contrarian is back! Wow! I thought you would take some time to reflect after your wack takes.

                                      D 1 Reply Last reply
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                                        njm1314@lemmy.world
                                        wrote on last edited by
                                        #63

                                        It’s not misleading, you’ve just purposely ignored the meaning of the words to instead imply your own.

                                        H D 2 Replies Last reply
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                                        • B Bob Robertson IX

                                          I know! There’s this great game called Fortnite that no one has ever heard of because you can’t get it on Steam. /s

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                                          dukemirage@lemmy.world
                                          wrote on last edited by
                                          #64

                                          It did well because EGS is so great /s It’s obviously the exception.

                                          1 Reply Last reply
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