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Minimum wage
(slrpnk.net)
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this post was submitted on 20 Oct 2024
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The focus on wages is misleading (intentionally). America has more than enough resources for everyone here to live comfortable lives regardless of what jobs anyone does, they’re just poorly distributed
They're optimally distributed if you're near the top.
Are they though? The mentally ill who think all there is to life is a digital high score in their bank accounts definitely don't act like they're living fulfilling lives.
If we peel about 50 billionaires and their families we could make every single American a multi-millionaire. I bet it would put a dent in wage theft, too. Scare the piss out of middle managers so hard they prolapse their ureters.
That's not correct.
The average wealth in this country is ~250k a person
Yeah their number sounded really high, but fuck it hurt to see 250k as well. Do I count as 0 or a negative number if I have more debt than my possessions are worth?
I think ~~0~~ EDIT: I meant to say the total asset value.? I'm not sure. I think the number came from total wealth as an object, not total net worth.
Could still be correct, average is heavily skewed by the millionaires/billionaires.
No. No way. A million a person would mean $325 ish TRILLION for just the US. I think that's around half the global wealth?
The median income is supposedly around 64k, which already paints a different picture.
So you're saying we just need more economic imperialism?
No
The average wealth could be $1,990,000 and they'd still be incorrect, lol (assuming the minimum value for "multimilion", $2 million).
The 50 richest people in the US have a collective net worth of about $3 trillion. If you could wave a magic wand and turn that net worth (which is not an amount of cash money) directly into cash, something that obviously can't actually be done, but I digress, and you distributed that $3 trillion evenly among the ~340 million people in the US, everyone would get about $8800, lmao. Not quite multimillionaire level.
It amuses me how confidently people will state complete bullshit, even when it's so easily debunked.