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A comment on Dan Price says raising min wage to $70k led to baby boom, revenue rise. Parent comment

Re:Dan Price says raising min wage to $70k led to baby boom,... by CivBase on Wednesday September 15, 2021 @02:50PM (#28542843)
According to the Australian Bureau of Statistics, median total income for Australians in 2017-2018 was 49,805 AUD (68,232 USD)[0]. According to the US Census Bureau, median total income for Americans in 2018 was 63,179 USD. That's about 7.4% less which isn't insignificant, but it's also not near enough to account for such a striking difference in wealth. There's clearly something else going on here.

[0] https://www.abs.gov.au/statistics/labour/earnings-and-work-h... (Table 1)

[1] https://www.census.gov/data/tables/2019/demo/income-poverty/... (Table A-1)

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Re:Dan Price says raising min wage to $70k led to baby boom,... by pb7 on Wednesday September 15, 2021 @03:01PM (#28542972)
>49,805 AUD (68,232 USD)

49,805 AUD is 37,039 USD.

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Re:Dan Price says raising min wage to $70k led to baby boom,... by CivBase on Wednesday September 15, 2021 @04:43PM (#28544114)
Woops, you're absolutely right. I had the division flipped. Then that's a considerable amount lower than the US median income, which makes the difference in median wealth even more suspicious.
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