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100 sats \ 1 reply \ @Kontext 26 Feb \ on: It's more than 10x harder to acquire an SP500 share today than in 1971! econ
I appreciate the post and the work gone into finding the sources and doing the math... but minimum wage, while definitely important for the ones earning it (or earning just above it), is a pretty meaningless metric. Median wage is the thing to look at IMO. Or even average wage (or best of all - compile all 3 metrics into 1 post/article explaining how the fiat leviathan is robbing us all of our life's work - except for the cantillionaires...)
Just a suggestion. Will bookmark this thread cause I might want to include a comparison like that into some of my own writings/musings.
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10 sats \ 0 replies \ @Kenobi OP 27 Feb
I just did a continuation of this analysis
Hopefully it's interesting and in the right direction. It was too hard (for now) to find a reliable source for median or even average wage.
If you help me find a good and reliable source, I'd be happy to run a new analysis with that, comparing it to minimum wage.
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