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Definitely not the majority. Looking at the US, which is probably home to the most users of this website, the threshold for top 10% net worth is at $1.8m, and t
by tavavex 5mo ago
Definitely not the majority. Looking at the US, which is probably home to the most users of this website, the threshold for top 10% net worth is at $1.8m, and the threshold for top 10% income is $210k. There's many rich people like that here, but I think the average person is just a standard tech worker, maybe a senior, but not someone from a top company. They're overrepresented here, no doubt about that, but most people just aspire to be in the top 10% and defend the rich and ultra-rich because they dream of being just like them one day.
- ThrowawayR2 5mo agoI'm choosing not to use wealth because wealth is a function of both time and income. Not everybody on Hacker News is the same age so it's hard to normalize; someone might reach that threshold if they were elderly even if their income was modest. I would understand if you disagreed though. I think your value for income is for household income, not for individual income. My quick Google of top 10% individual income for the U.S. says it's $155k, which is well within the range of incomes for senior developers and other techies in the major metros even outside the tech hubs.