$105411, a household income in the top 10th percentile globally, isn’t enough to afford minimal quality of life?
edit:
The Shared Economic Prosperity (SEP) Measure, a companion to the MQL, compares the income needed to achieve a minimal quality of life (as defined by the MQL) to actual income distribution, revealing a stark imbalance. In 2023, the bottom 60% of households earned just 22.1% of all disposable income but needed 39% to meet MQL. On average, these households earn $38,000 per year, falling more than $29,000 short of the MQL.
Why would you take an average out of the subset of the lowest 60% and make a statement about that entire 60% not being able to reach MQL, that’s some goofy math.
A lot of labor activists and socialists have some actually unhinged, unsustainable, and downright incredibly privileged ideas of what every single house hold in a country should have/be able to afford, from what I’ve noticed. Which can sometimes shoot in the foot of being able to actually reach more reasonable targets
$105411, a household income in the top 10th percentile globally, isn’t enough to afford minimal quality of life?
edit:
Why would you take an average out of the subset of the lowest 60% and make a statement about that entire 60% not being able to reach MQL, that’s some goofy math.
A lot of labor activists and socialists have some actually unhinged, unsustainable, and downright incredibly privileged ideas of what every single house hold in a country should have/be able to afford, from what I’ve noticed. Which can sometimes shoot in the foot of being able to actually reach more reasonable targets