If a minimum wage worker wanted a jaguar his mam would have clipped him round the ear and told him to get a grip.
That's a bit beside the point, innit? Whether the wealth inequality started high enough that it was unattainable then, it's surely a bigger gap now, right?
Wealth gap is measured in ... (net) wealth (and additionally/separately, for other reasons, in income), and it is accelerating it's widening for decades.
That is how you can tell eg how much the top 50%/10%/1%/0.1%/5 people own of everything.
We've been at let us eat French cake levels like 30 years ago.
Side note.
Back in 1960, minimum wage was $1.00/hour and a new Jaguar was about $6,000.00
If a minimum wage worker really wanted one, he could buy a supercar. $1.00 x 40 x 52 =2,080. Three years ot buy the car.
$15.00 x 40 x 52 = 31,000. Ten years work to buy that car.
I like the way you buy into the myth that the only people who make minimum wage are teenagers.
That's a mythical myth that isn't true. Hence, calling it a myth.
Well yeah, gotta denigrate the youth so we can ignore systemic problems.
That's a bit beside the point, innit? Whether the wealth inequality started high enough that it was unattainable then, it's surely a bigger gap now, right?
Wealth gap is measured in ... (net) wealth (and additionally/separately, for other reasons, in income), and it is accelerating it's widening for decades.
That is how you can tell eg how much the top 50%/10%/1%/0.1%/5 people own of everything.
We've been at let us eat French cake levels like 30 years ago.
US: All that's old shall be new again!