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2025-06-20 17:10:30 UTC
in reply to

SufferForMe 🆘 on Nostr: People would realise the disparity is even worse if they'd stop thinking in ...

People would realise the disparity is even worse if they'd stop thinking in percentages.

If someone earning £30,000 10 yrs ago saw their annual income increase 10%, it would be £33,000 now... just £3,000 more.

But if a CEO was earning £300,000 & only saw an equivalent 10% increase, they'd now receive £330, 000. An extra £30,000 - a £27,000 larger increase than the person on £30,000.

And the wealthy have seen larger percentage increases than the poor.