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by wiseowise 107 days ago
> It’s worth noting that these vastly unequal growth rates are on top of the already vast inequality that existed in 1979. Back then, the top 1% earned average wages ($281,932) more than nine times as much as the bottom 90% ($29,953). In 2023, the top 1% earned average wages ($794,129) more than 18 times as much as the bottom 90% ($43,035).

40k is what you call rich?

1 comments

Do you understand a difference between a value and its time derivative?
Do you understand that rich got disproportionately richer in the last 50 years compared to bottom class?