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Cake day: August 8th, 2023

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  • RandomGen1@lemm.eetoMemes@lemmygrad.mlUSA averages
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    2 months ago

    It’s only that high if you narrow the scope to only full-time and employed for the whole year. This neglects how much (or maybe rather how little) the us values a large proportion of its labor. I didn’t check the math on the percentage they gave, but it’s at least in the right ballpark from some very rough napkin math- 60% of below median is 30% of total, and if we make a not amazing assumption that the “curve” of earnings is linear, then we can just shift the median by the given 30%, which if you shift up from 47960 you get 68.5k, or if you shift down from 60070 you get 42k.











  • In industries that have been pulled into the public fold, sure. I’m calling them socialist In the same vein that you might still call most western countries capitalist despite having market regulations and some companies that are workers co-ops or use other socially owned frameworks. As long as they’re solidly on this trajectory it seems silly to me to label it otherwise at this point just as it would be silly to call the us socialist for having a few employee owned businesses