3 ms·
The unenviable part is the $30-70 range, not the 2x income spread.
by morelisp 5y ago
The unenviable part is the $30-70 range, not the 2x income spread.
- fennecfoxen 5y agoIndeed. We would surely be living in fantastical, glorious times if the US median income were to rise to ~$180,000. (In real figures, of course, not just hyperinflation.) I believe this would require us to triple GNP, if not more. I am almost entirely in favor of this proposal, except that it would probably be preferable in such a case to admit immigrants from less prosperous parts of the world who would go on to earn substantially less than that. This would bring the overall income figure down, but would still be a major win for the world's overall prosperity.