Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by umeshunni on Wednesday October 16, 2019 @08:28PM
(#21277716)
> the median incomes are between 60-65K
The median income, for a college graduate, nationally is >$90K. A lot of the median income stats are meaningless once you consider only the educated slices of the workforce.
source: https://en.wikipedia.org/wiki/Household_income_in_the_United...
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by claudeganon on Wednesday October 16, 2019 @08:34PM
(#21277747)
Close to 2/3 of Americans over 25 don’t have college degrees, so how is that meaningless? The educated slices of the workforce aren’t the majority and we’re talking about income inequality generally.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by MR4D on Wednesday October 16, 2019 @10:53PM
(#21278526)
Interesting. Seems like education inequality given the (implied) causation.
Re:Americans Now Need at Least $500k a Year to Enter Top 1%
by cannonedhamster on Wednesday October 16, 2019 @09:30PM
(#21278116)
Yeah just get rid of all those people not making money and the stats all align with your preconceived notion. Brilliant!
I guess you would have to define the threshold of “absurd,” but It’s a pretty big deviation from the median in Los Angeles and New York, where the median incomes are between 60-65K. In SF, you’re talking two people both making more than double the median (about 110K)
Considering things like the cost of things like housing in these places, the inequality seems massive anyway you slice it.
https://www.census.gov/quickfacts/fact/table/losangelescount...
https://www.baruch.cuny.edu/nycdata/income-taxes/med_hhold_i...
https://fred.stlouisfed.org/series/MHICA06075A052NCEN