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by lovich
3161 days ago
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Its the marginal utility of money. I'm about to pick numbers out of a hat for demonstration. If it takes 18k to live at a bare minimum each for everyone, then the guy making minimum wage and pulling home 20k a year and the guy pulling home 100k a year have a completely different calculus. That 2k surplus for the minimum wage worker could easily be killed by a single week of illness just between medical bills and not working. The guy bringing home 100k a year can survives problems that are magnitudes more expensive. This gets more egregious as income inequality scales. Its not like billionaires who are earning millions of times more than a janitor can eat millions of more burgers or need millions of more houses |
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