4 ms·

Why articles about 1% keep getting illustrated with pictures of top 1% of billionaires? 1% are lawyers, Doctors, Senior Software Eng. etc. If we are talking abo

• lainga 9y ago
  There's more clicks in "those dirty moneybags are getting richer at our expense!" than in "we're getting richer at the developing world's expense!"
  • horsemoney 9y ago
    Why do you think we're getting richer at their expense? They're getting richer by trading with us. I mean, it's not impossible to turn a profit from some developing nation, but most of the value in the markets is from developed countries. You can only make so much money off of low-end cheap foreign labor.
    • qaq 9y ago
      40% of US GDP is financial services by being the emitter of world's reserve currency we get very large set of unique economic benefits that precisely let us to "to get richer at their expense"
• shivamroo 9y ago
  True
• emmanuel_1234 9y ago
  Yes, it bugs me too. A lot of readers on HN, myself included, are part of the 1%, easily .1 or .01%. Having an education / the leisure to spend enough time to understand and be interested in the kind of topic that are discussed here, along with just having an internet connection probably puts you in the top 10%. For example, having a fixed salary in France, at minimum wage (~17,760EUR/y) puts you in the top 4% globally. Anything above minimum wage and you steadily climb to the top 1%. Poor people are a lot poorer than we think, and you're likely not among them if you're reading this.