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That’ll be Why the Median is Barely Over 40
(lemmy.world)
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this post was submitted on 12 Jun 2024
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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
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.
Sorry, I meant to write $150 billion a year, not $150 million.