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Cake day: August 9th, 2023

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  • Michal@programming.devtoPeople Twitter@sh.itjust.worksRich tax.
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    11 days ago

    Individual’s wealth vs minimum wage is not a great comparison. It’s showing accumulated wealth of an individual who will over time receive pay raises and build up their wealth.

    Minimum wage is what it says the minimum. It’s supposed to be entry level income at the time. It should be adjusted for inflation.

    To make it more accurate, it should show income increase for ech of the billionaires, and compare it to an income of some median individuals.