Re:U.S. adds just 266,000 jobs in April, far below expectations
by dragonwriter on Friday May 07, 2021 @12:27PM
(#27077663)
> It’s getting to that point, absolutely
I'm guessing you’ve never lived on welfare. Having done that and had a.personal income that, while short of $150K, is a sizable fraction of it (and been everywhere in between), increasing real income has involved a monotonically increasing quality of life. I’m definitely into the range, even short of $150K, where the marginal difference from each additional $ of income is much smaller than at lower levels, but it is still not negative.
I'm guessing you’ve never lived on welfare. Having done that and had a.personal income that, while short of $150K, is a sizable fraction of it (and been everywhere in between), increasing real income has involved a monotonically increasing quality of life. I’m definitely into the range, even short of $150K, where the marginal difference from each additional $ of income is much smaller than at lower levels, but it is still not negative.