Comment by psychoslave
4 hours ago
A salary of $400,000 is approximately 40 times the world median salary, which is estimated to be around $10,000 per year.
~400–800 million people (top 5–10% of global earners) could easily pay $833/month without major struggle, assuming they earn >$100,000/year.
So 90% people couldn’t even afford to pay a whole month of salary to a median earner without major struggle.
~3.6 billion people (45% of the global population) can likely afford to drop a $0.25 coin in a hat for a street artist without financial struggle. But that might not feel exactly the same as giving a whole month of median salary, let alone 40 years of it.
No comments yet
Contribute on Hacker News ↗