Thursday, October 11, 2018

US inequaity

The average income for the bottom half of wage earners is just $16,000

Jeff Bezos, the founder of Amazon is the wealthiest person in the world, with a net worth around $165 billion. 

For context, that means he has enough money to spend $20 every second, every day — for the next 261 years.

If America divided the combined wealth equally among households, each family would have nearly $800,000.

The federal minimum wage hasn’t gone up in nearly 10 years.  Today’s federal minimum wage of $7.25 is less than the cost of living in every major city in the country.

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