Bestest picture thread evaar! (The trilogy)

[ClaytonB]

 

[merkelstan]

 

[merkelstan]

To make the rubble bounce, let's reconsider Epstein's "1.1 percent of workers make the minimum wage or less".

What matters to the worker is not the nominal payrate but it's that yearly income derived from it that puts 'food on the family'.

If what Epstein is selling reflected reality, only 1.1% (1.9 million) of workers would have a yearly income below CPI-adjusted minimum wage of $22,220 per year.

But the reality is 54,628,280 workers reported under $20k/year in 2019. Interpolated to $22,220, that's an additional 4.67 million workers for a total of 59.3 million workers.

That's 35% of the American workers with yearly incomes at or below what CPI-adjusted 1979 minimum wage would yield for fulltime work.

But Austrian Economists know that CPI isn't True Inflation. A True Inflation corrected 1979 minum wage would net $81,440 per year income. What percentage of US workers earn less than $81,440 per year?

That's 141,846,976 out of the 169,328,746 filing income for taxation.

That's 83.77% of the USA workforce earning yearly income at or below true inflation corrected 1979 minimum wage at fulltime work.


Kinda puts Epstein in a new light doesn't it.

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Globalist]

 

[Anti Federalist]

 

[Anti Federalist]

 

[Anti Federalist]

 

[Anti Federalist]

 

[Anti Federalist]

 

[Anti Federalist]

 

[Anti Federalist]