4 ms·
Can you expand on the mean expected lifetime earnings?
by rafamvc 3y ago
Can you expand on the mean expected lifetime earnings?
- hiddencost 3y agoGiven an expected lifetime earnings of 2.3 million, their cash pile is equivalent to 68 thousand lives. Can we measure money in units or souls?
- MuffinFlavored 3y agoThe money of this corporation doens't belong solely to any one individual though.
- deleted 3y ago[deleted]
- cbruns 3y agoDoes this unit have a soul?
- mschuster91 3y agoBasically you take the average or median lifetime income of normal everyday workers (i.e. those who leave school around 18, go to trade school, and work until retirement), and then you compare that amount of money to the income or wealth of a rich person. That way you can see that for example Jeff Bezos makes 1.43 million $ an hour - about as much as the average American makes across their entire life. A shocking disparity. [1] https://finance.yahoo.com/news/jeff-bezos-makes-1-49-160219093.html https://finance.yahoo.com/news/jeff-bezos-makes-1-49-1602190... [2] https://www.firstrepublic.com/insights-education/how-much-does-the-average-american-make https://www.firstrepublic.com/insights-education/how-much-do...
- COGlory 3y agoThose numbers are still too big to be easily comprehensible.
- mschuster91 3y agoThe numbers aren't important - what's important is is "Jeff Bezos makes more money in a single hour than you are likely to make in your entire life".
- boeingUH60 3y agoHe made $1.43 million an hour from stock appreciation in a specific year. We didn't see similar headlines when he lost $20 billion+ from a stock slump; "Bezos Loses $2.3 million per hour! plans to commit suicide..." You have a good point about wealth disparity, but thanks for spreading clickbait..
- mschuster91 3y agoSo even if he loses 20 billion a year, even if Elon Musk loses 40 billions of dollars in a short time, nothing changes for them. They still have tens of thousands of times more money than a normal human can make.