• 0 Posts
  • 9 Comments
Joined 5 months ago
cake
Cake day: June 26th, 2024

help-circle

  • autriyo@feddit.orgtoPeople Twitter@sh.itjust.worksRich tax.
    link
    fedilink
    arrow-up
    3
    arrow-down
    1
    ·
    13 days ago

    I tried do to just that, because i believed that it wouldn’t paint a better picture for the billionaires, and I also dont like that people have downvoted your comment without providing explanation.

    Assuming Musk started working at 18yrs old, which would have been in 1989, 35 years ago. And assuming he started at 7.25 dollars an hour, and never got a raise, he would have accumulated roughly 527.800 dollars by now.

    40h * 52w * 7.25 usd = 15080 usd 15080 usd * 35y = 527 800 usd

    His net worth (according to meme) is a staggering 273 000 000 000 dollars. Obviously he had to have a pay rise to get there, lets calculate that rise, starting from 7.25 dollars an hour.

    273000000000 ÷ 527800 = 517241.37931034

    So his pay rise averaged over 35 years, would be an absurd 517240%, or 14778% per year. The yearly average pay rise is roughly 4-5%, its not even remotly close.

    All of this assumes that Elon started with 0 dollars to his name, he didn’t. So in reality his hypothetical pay rise wouldve been a a bit lower. However the minimum wage wasn’t 7.25 dollars in 1989, and I haven’t accounted for inflation. Still the numbers would probably be similarly insane.

    Even in a somewhat more accurate form, I think the core statement of the meme still rings true.




  • Neither sure how to call it, nor is it a technology, more like a mindset. I am just gonna name it: “Prideful Craftsmanship”

    Basically the incorporation of “useless” decorations and embellishments, to show off ones skill and maybe market oneself a little. Definitely superseded in the capitalist world. Things were just prettier or more interesting to look at, even stuff that wasn’t meant to be flashy.

    But with nearly everything being made to a price point, this practice has been somewhat lost.