Row 86715

Row ID: 86715 | Dataset Entry | Axioma AXP Content Repository

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If I have $1000 and someone richer has $10000, they can out spend me by $9000. If the 30% increase is spread evenly between all people, which I doubt it is, I’ll have 1300 and they’ll have 13000, and can out spend me by 11700. Doesn’t this make me less competitive for things like buying a house?

I definitely agree about executive salaries not being the main problem. It’s always funny when people talk about slashing their salaries to pay employees more but it turns out to be 100 a year. That doesn’t necessarily mean exec salaries aren’t over inflated though. I thought a more major problem was funneling profits away from employees and using it for share holders and stock buy backs. Then the money stops moving, and isn’t that what we need for our economy?

Also from your previous comment how does an average 31% salary increase scream ahead of >250% inflation? Or am I reading this site wrong I used 1980 https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator

I also wonder what the average salary/compensation/wealth increase would look like if you divide it into bands, like bottom 25%, 25-50% etc etc. granted I know little about economics, I just like math

FieldValue
text If I have $1000 and someone richer has $10000, they can out spend me by $9000. If the 30% increase is spread evenly between all people, which I doubt it is, I’ll have 1300 and they’ll have 13000, and can out spend me by 11700. Doesn’t this make me less competitive for things like buying a house? I definitely agree about executive salaries not being the main problem. It’s always funny when people talk about slashing their salaries to pay employees more but it turns out to be 100 a year. That doe…
label r/economics
dataType comment
communityName r/Economics
datetime 2024-05-24
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Raw Record

{
  "text": "If I have $1000 and someone richer has $10000, they can out spend me by $9000. If the 30% increase is spread evenly between all people, which I doubt it is, I’ll have 1300 and they’ll have 13000, and can out spend me by 11700. Doesn’t this make me less competitive for things like buying a house?\n\nI definitely agree about executive salaries not being the main problem. It’s always funny when people talk about slashing their salaries to pay employees more but it turns out to be 100 a year. That doesn’t necessarily mean exec salaries aren’t over inflated though. I thought a more major problem was funneling profits away from employees and using it for share holders and stock buy backs. Then the money stops moving, and isn’t that what we need for our economy?\n\nAlso from your previous comment how does an average 31% salary increase scream ahead of >250% inflation? Or am I reading this site wrong I used 1980 https://www.minneapolisfed.org/about-us/monetary-policy/inflation-calculator \n\nI also wonder what the average salary/compensation/wealth increase would look like if you divide it into bands, like bottom 25%, 25-50% etc etc. granted I know little about economics, I just like math",
  "label": "r/economics",
  "dataType": "comment",
  "communityName": "r/Economics",
  "datetime": "2024-05-24",
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