US Authoritarianism

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That’ll be Why the Median is Barely Over 40 (lemmy.world)

submitted 11 months ago* (last edited 11 months ago) by alphanerd4@lemmy.world to c/usauthoritarianism@lemmy.world

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Snopes

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[–] pruwybn@discuss.tchncs.de 13 points 11 months ago* (last edited 11 months ago) (1 children)

For the second frame of this to be true, assuming 157 million working Americans, each of the top 10 earners would be making over $150 billion a year on average. This amount is close to the net worth of the world's richest people, and couldn't possibly be their annual income.

edit: fixed error

[–] Killing_Spark@feddit.de 15 points 11 months ago (1 children)

What? The world's richest people are not in the 1,5 billion dollars range. They are in the 200-100 billion dollars. And it would be surprising if they didn't earn 150 million just from owning this amount of wealth each year.

[–] pruwybn@discuss.tchncs.de 5 points 11 months ago

Sorry, I meant to write $150 billion a year, not $150 million.