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Back-of-the-envelope calculation: at €$10,—/h minimum wage and say 50h/week of work you'd go home with €$2000,—/month from which you have to pay rent, taxes, in
by DemocracyFTW 5y ago
Back-of-the-envelope calculation: at €$10,—/h minimum wage and say 50h/week of work you'd go home with €$2000,—/month from which you have to pay rent, taxes, insurance. This is a plausible sum to get by in much of Europe and the US, especially given that 50h/week is a tall order already, and rents and health insurance combined alone will cost you above €$500,—..1000,— in many places, so it's not like fortunes. If the managers and lawyers and so on get up to 100x this sum, they can go home with €$200.000,— each month, which is over two million currency units per year. This, in dollars and Euros, is so much money it's completely beyond me how any greater differential could be justifiable in any society. Yet this is exactly what we're doing.