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A comment on The wealth of the 25 richest families in the world soared 43% in the last year. Parent comment

Re:The wealth of the 25 richest families in the world soared... by pbhjpbhj on Friday December 08, 2023 @12:38PM (#38571715)
The report is that net worth (not income) of the wealthiest rose 42%.

Wages would tend to be a fraction of wealth for those on middle incomes, say, who have been in work for more than a few years. They will have payed the majority of their wages for years into acquiring a place to live.

In the Uk my house would now cost 8x my wage, a wage increase of 43% (for one year) would increase my net worth by about a sixteenth (~6%).

Inflation is 10% (not 42%) and my employer capped wage maintenance at 8%.

In October, Indian government wage maintenance was 4% (https://www.reuters.com/world/india/india-raises-dearness-al...), do you think the private sector paid 10x more?

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Re:The wealth of the 25 richest families in the world soared... by NoMoreNicksLeft on Friday December 08, 2023 @12:47PM (#38571839)
>The report is that net worth (not income) of the wealthiest rose 42%.

How much increase for the net worth minus stocks? Betting that any increase there was much more modest.

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