Where do you live? Because your “poor” country’s minimal daily wage is more than the daily wage of someone on the US federal minimum wage (e.g., $7.25 x 8 hrs = $58)
We are 9th european country by size and GDP, formerly part of Soviet Republics. We have smaller military, smaller economy, smaller population than USA etc. In fact I think our entire economy barely rivals some of the states inside USA. Our older generations (those who lived under communism) see USA as a shiny utopia where nobody is ever poor or unhappy, which caused several our post-soviet generations to emigrate as far west as they could.
Money and value are interesting topics. Many of the oddities surrounding expense vs need exist as a result of scales being unfairly influenced. Billionaires aren’t the root of the problem - they are the symptom of the problem. If billionaires didnt exist: that would likely be because wages, costs, and services are more fairly balanced. Less disparity - less resources to leverage to create it… and likely a much higher cost to apply that leverage. We are simply in a feedback loop in a sick system. Cancer doesn’t just go away with thoughts and prayers.
And that’s not at lot…for people in the US, like a month of groceries for 2 adults. Not touching other actual bills.
But in developing countries, $250 could rival a large percentage of their monthly wages.
250 USD is in my country about a daily wage of high-level specialist, I mean - top 5% of people who live from working.
63 USD is a minimal daily wage in my poor country.
Where do you live? Because your “poor” country’s minimal daily wage is more than the daily wage of someone on the US federal minimum wage (e.g., $7.25 x 8 hrs = $58)
Poland.
We are 9th european country by size and GDP, formerly part of Soviet Republics. We have smaller military, smaller economy, smaller population than USA etc. In fact I think our entire economy barely rivals some of the states inside USA. Our older generations (those who lived under communism) see USA as a shiny utopia where nobody is ever poor or unhappy, which caused several our post-soviet generations to emigrate as far west as they could.
Many workers get paid the equivalent of $120 a month or lower
Money and value are interesting topics. Many of the oddities surrounding expense vs need exist as a result of scales being unfairly influenced. Billionaires aren’t the root of the problem - they are the symptom of the problem. If billionaires didnt exist: that would likely be because wages, costs, and services are more fairly balanced. Less disparity - less resources to leverage to create it… and likely a much higher cost to apply that leverage. We are simply in a feedback loop in a sick system. Cancer doesn’t just go away with thoughts and prayers.
In Zambia, average monthly wage is 130$.