Minimum wage

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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
- 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?
  
  So you're saying we just need more economic imperialism?
  
  No
  
  The median income is supposedly around 64k, which already paints a different picture.
  
  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.
- 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.

112 comments