Using my parents income, I'm at 0.1%, which is quite surprising.
Usine my pocket money, I'm beaten by 70% of the world.
What is your wealth position relative to the rest of the world? | |||
top 0.1% | 82 | 18.55% | |
top 1% | 124 | 28.05% | |
top 5% | 85 | 19.23% | |
top 10% | 45 | 10.18% | |
top 25% | 36 | 8.14% | |
50%-25% | 26 | 5.88% | |
bottom 50% | 44 | 9.95% | |
Total: | 442 |
Using my parents income, I'm at 0.1%, which is quite surprising.
Usine my pocket money, I'm beaten by 70% of the world.
just so everyone knows,...
the lowest number the site will allow you to put in is $1,000. at $1,000 you are in the top 58% according to that calculator.
binary solo said:
That's not really true in all cases where there is minimum wage. Often the minimum wage regulations take account of training / internship situations where you are not properly qualified for the job, hence the employer doesn't have to pay you minimum wage and either you are considered to be effectively a student for half the time you are working, or the government uses its education / training budget to top you up to minimum wage. Also thinking that someone won't employ a person because they have to pay minimum wage is false. Employment rates never go down in relation to upward adjustments or implementation of minimum wages unless there are other factors that are causing increased unemployment. If someone needs to employ a person in order for the busness to work at optimal effectiveness then they will do so, and if they have to employ a person who is under-qualified or lacks experience because no one better is available then they will hire the best person they can. If they can make more money off that person's work than they have to pay then they will do hire them, and even if initially the person has negative productivity if raw output is important to achieve for business growth / success then as long as the employer can see a quick transition into positive productivity then the periood of negative productivity is simply a necessary investment in future profits. Also in most countries there's no law against doing voluntary, unpaid work for the purposes of training if that's what you want to do as an investment in your future. |
No law against voluntary work... but having a propper hiring as apprentice will demand several conditions.
And yes, when we have 2% adjustments on minimum wage we don't see a big impact. But go from having no minimum wage to putting a very high minimum wage and see the major impact. In brazil the law that obligated domestic workers to receive benefits that industrial workers received have likely reduced that manpower to less than 2/3 of what it was.
The conditions to employee anyone for less than the minimum wage are very rigorous. And in a country that puts 6% unemployment rate when it's actualy much bigger than 20% (but they exclude who receive unemployment wage, bolsa família, and who haven't looked at official labor agencies in the last 3 months) won't show the real impacts of minimum wage regulations. But if you look at the country news and follow it more closely you will see a compatible demission rate when annually all the wages are corrected.
In Brazil a lot of the spontaneous trade are severely regulated, so even if I want to work for more than 44h/week for less than minimum wage I'm not allowed. And if I decide to do it anyway and then proccess the company I'll win don't matter the contract I signed.
duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
http://gamrconnect.vgchartz.com/post.php?id=8808363
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"
http://gamrconnect.vgchartz.com/post.php?id=9008994
Azzanation: "PS5 wouldn't sold out at launch without scalpers."
kitler53 said: just so everyone knows,... the lowest number the site will allow you to put in is $1,000. at $1,000 you are in the top 58% according to that calculator. |
People who don't earn at least 3 US a day don't have internet access so they shouldn't post in the site?
duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
http://gamrconnect.vgchartz.com/post.php?id=8808363
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"
http://gamrconnect.vgchartz.com/post.php?id=9008994
Azzanation: "PS5 wouldn't sold out at launch without scalpers."
DonFerrari said:
No law against voluntary work... but having a propper hiring as apprentice will demand several conditions. And yes, when we have 2% adjustments on minimum wage we don't see a big impact. But go from having no minimum wage to putting a very high minimum wage and see the major impact. In brazil the law that obligated domestic workers to receive benefits that industrial workers received have likely reduced that manpower to less than 2/3 of what it was. The conditions to employee anyone for less than the minimum wage are very rigorous. And in a country that puts 6% unemployment rate when it's actualy much bigger than 20% (but they exclude who receive unemployment wage, bolsa família, and who haven't looked at official labor agencies in the last 3 months) won't show the real impacts of minimum wage regulations. But if you look at the country news and follow it more closely you will see a compatible demission rate when annually all the wages are corrected. In Brazil a lot of the spontaneous trade are severely regulated, so even if I want to work for more than 44h/week for less than minimum wage I'm not allowed. And if I decide to do it anyway and then proccess the company I'll win don't matter the contract I signed. |
But you can also see that implementing a minimum wage for the first time will also only have a short term effect. All economies that have a minimum wage have unemployment patterns that follow typical economic cycles, and you have economies with historically low unemployment and economies with historically high unemployment. So outside of a transition period minimum wage has no effect on unemployment rates.
“The fundamental cause of the trouble is that in the modern world the stupid are cocksure while the intelligent are full of doubt.” - Bertrand Russell
"When the power of love overcomes the love of power, the world will know peace."
Jimi Hendrix
binary solo said:
But you can also see that implementing a minimum wage for the first time will also only have a short term effect. All economies that have a minimum wage have unemployment patterns that follow typical economic cycles, and you have economies with historically low unemployment and economies with historically high unemployment. So outside of a transition period minimum wage has no effect on unemployment rates. |
So in your opinion minimum wage have a neglegible effect on unemployment rate? So if we just kept raising it there would be very little impact on unemployment?
duduspace11 "Well, since we are estimating costs, Pokemon Red/Blue did cost Nintendo about $50m to make back in 1996"
http://gamrconnect.vgchartz.com/post.php?id=8808363
Mr Puggsly: "Hehe, I said good profit. You said big profit. Frankly, not losing money is what I meant by good. Don't get hung up on semantics"
http://gamrconnect.vgchartz.com/post.php?id=9008994
Azzanation: "PS5 wouldn't sold out at launch without scalpers."
I am a multi-ethnic American male, in college.
I just did my taxes today. Including about $4000 I get in financial aid which I use for living expenses after my tuition is covered, I am in the top 14.46% ($12,000 per year.)
14.46%
867,377,967th
By wealth (which probably total to a value of $3,000), my accumulated possessions are something like
55.42%
2,493,687,737th
income: 1.55%
this while earning slightly below Sweden average.
Wealth: 18.59%
Do not own my house, but have savings, no debt and have decent amount of valuable things.
I have never ever felt very rich, had a big income or being born with riches. Just blessed to be born in the right place in the world, I am thankful for that.
I don't want to know.
Last edited by Oneeee-Chan!!! - on 25 April 2018