-
1013
-
Capitalism is evil wrote:
Laziness isn’t a virtue.
1527 -
I don't know why all those losers didn't decide to be born to upper-middle class (or higher) white parents who live on the east or west coasts
2421 -
It's the engine of the world and the ultimate poverty killer. If one couldn't buy stocks and participate as an owner you might have a point, but since you can it's the best system and allows one to become an immediate owner of the best businesses in the world. Who could want more? If you only focus on your worker role and ignore your owner role, that's on you
1415 -
those suckers and losers wrote:
I don't know why all those losers didn't decide to be born to upper-middle class (or higher) white parents who live on the east or west coasts
I've turned myself from upper lower class to lower upper class through education, a decent work ethic, and buying stocks to fund my real estate purchases.
I'd like to take a second to thank capitalism for giving me hope and opportunity! It's completely changed the financial arc of my family tree which wouldn't have been possible under other systems.
1414 -
What should be more shocking is this:
By definition, 50 percent of wage earners had net compensation less than or
equal to the median wage, which is estimated to be $43,222.81 for 2023.How does a family survive when they are earning this much, even assuming both partners are making this?
People earning this kind of money essentially like check to check and don't have savings or 401ks or stocks/bonds. They probably don't have pensions and will get minimal Soc Sec, if they plan to retire on it. They are the ones who work menial jobs into their 70s.
And now all this talk of medical costs going up 30-50% means poverty rates in the US are going to skyrocket.
Repubs in power only care about people at the other end of the earnings spectrum. The rest of us are expendable workers.
218 -
Tommy2Nuttz wrote:
What should be more shocking is this:
By definition, 50 percent of wage earners had net compensation less than or
equal to the median wage, which is estimated to be $43,222.81 for 2023.How does a family survive when they are earning this much, even assuming both partners are making this?
People earning this kind of money essentially like check to check and don't have savings or 401ks or stocks/bonds. They probably don't have pensions and will get minimal Soc Sec, if they plan to retire on it. They are the ones who work menial jobs into their 70s.
And now all this talk of medical costs going up 30-50% means poverty rates in the US are going to skyrocket.
Repubs in power only care about people at the other end of the earnings spectrum. The rest of us are expendable workers.
Haha. You act like these people aren't subsidized to the max. Food stamps, section 8, health care subsidies etc add tens of thousands of dollars a year.
921 -
I grew up on Food stamps and now I'm a RICH teacher making over 90k...the American dream is real.
but really, not everyone is meant to be rich. people can survive on a lot less money than most of us make. it's a problem that people feel like everyone should have everything they want. entitlement culture. move somewhere affordable. go to work everyday. eat inexpensive food. get the $50 phone from walmart with a mint mobile plan.
169 -
Engine of the world wrote:
Tommy2Nuttz wrote:
What should be more shocking is this:
By definition, 50 percent of wage earners had net compensation less than or
equal to the median wage, which is estimated to be $43,222.81 for 2023.How does a family survive when they are earning this much, even assuming both partners are making this?
People earning this kind of money essentially like check to check and don't have savings or 401ks or stocks/bonds. They probably don't have pensions and will get minimal Soc Sec, if they plan to retire on it. They are the ones who work menial jobs into their 70s.
And now all this talk of medical costs going up 30-50% means poverty rates in the US are going to skyrocket.
Repubs in power only care about people at the other end of the earnings spectrum. The rest of us are expendable workers.
Haha. You act like these people aren't subsidized to the max. Food stamps, section 8, health care subsidies etc add tens of thousands of dollars a year.
yes. and many get much more SNAP money than they really need, DIRECTLY leading to food inflation for EVERYBODY.
but that's for another thread. point is, most people in this country are doing okay. if they really want to be doing okay.
422 -
high school xc coach wrote:
I grew up on Food stamps and now I'm a RICH teacher making over 90k...the American dream is real.
but really, not everyone is meant to be rich. people can survive on a lot less money than most of us make. it's a problem that people feel like everyone should have everything they want. entitlement culture. move somewhere affordable. go to work everyday. eat inexpensive food. get the $50 phone from walmart with a mint mobile plan.
Haha. I'm a millionaire teacher with a go phone myself (tracfone though).
It's almost like some of the students I've had that don't listen to instruction, don't study or do homework, and think learning is dumb grow up and become adults.
77 -
high school xc coach wrote:
I grew up on Food stamps and now I'm a RICH teacher making over 90k...the American dream is real.
but really, not everyone is meant to be rich. people can survive on a lot less money than most of us make. it's a problem that people feel like everyone should have everything they want. entitlement culture. move somewhere affordable. go to work everyday. eat inexpensive food. get the $50 phone from walmart with a mint mobile plan.
I grew up in a normal actual middle class family (not the Letsrun $400k is average). Probably 50th-60th percentile income. Now I’m more comfortable / secure. If you work hard, graduate HS, and don’t have kids outside of marriage the poverty rate is below 1% (if you’re married).
99 -
And they have every opportunity to improve themselves and make more.
Unlike the socialistic vomit of equal shares of misery
417 -
1 + 1 = Cat
26 -
Capitalism is what makes you think $35k isn't a lot of money on either a global or historical perspective.
202 -
blakes point wrote:
Capitalism is what makes you think $35k isn't a lot of money on either a global or historical perspective.
Correct. Our median income is literally the highest in the world, adjusted for purchasing power, with the possible exception of an oil kingdom or two.
136 -
This data is somewhat misleading. Google says almost 20% of Americans are some sort welfare. You know who makes up a largest percentage of that. Take them out of equation. They will never go to work or find a meaningful job.
712 -
Uncle Bosie wrote:
This data is somewhat misleading. Google says almost 20% of Americans are some sort welfare. You know who makes up a largest percentage of that. Take them out of equation. They will never go to work or find a meaningful job.
Farmers.
142 -
liberalism is a mental disorder wrote:
blakes point wrote:
Capitalism is what makes you think $35k isn't a lot of money on either a global or historical perspective.
Correct. Our median income is literally the highest in the world, adjusted for purchasing power, with the possible exception of an oil kingdom or two.
Umm.. ever heard of Luxembourg?
Norway and Switzerland also have higher median income.
This post was edited 2 minutes after it was posted.52 -
The study is reporting net compensation. So $35K is probably at least $50K gross compensation. Plus that is looking at individual earners in 2023. Most households have dual incomes.
The median gross wage as of Q2 2025 in the US is $62K.
31 -
Woke mind virus wrote:
Capitalism is evil wrote:
Laziness isn’t a virtue.
Most of the 41% are MAGAs.
67
What People Are Talking About On LetsRun
No top threads at the moment. Check back soon.