It means hypothetically, in the abstract - if you got your lifetime earnings as a lump sum in one day it still wouldn’t be enough to get rich which shows how little wage labour pays compared to ways the rich make money e.g. assets
Comment on Lifetime of earnings not enough for UK workers to join wealthiest 10%, report says
birdwing@lemmy.blahaj.zone 3 weeks ago
The wealthiest 10% is not a goal. Why should it be?
The goal should be:
a decent house, a clean environment, excellent public transport, free education and healthcare, and so on.
LainTrain@lemmy.dbzer0.com 3 weeks ago
rah@hilariouschaos.com 3 weeks ago
The goal should be
Why should it be?
Skipcast@lemmy.world 3 weeks ago
Why shouldn’t it be?
rah@hilariouschaos.com 3 weeks ago
I haven’t suggested it shouldn’t be.
foo@feddit.uk 3 weeks ago
Whilst I agree with your statement, the research is using this as a measure of wealth inequality. 20 years ago a sudden windfall equal to 38 years of the average salary would put you in the top 10 percent. Now it would take 52 years. It’s illustrating the change in wealth gap.