Tuesday, September 8, 2020

Wage gap

Between August 1, 2020 and September 2, 2020 Jeff Bezos made $23 billion dollars and this made the news. This is news because it demonstrates the income gap which is the reason why many people are looking to socialism as a solution. My friend lives in Croatia where the wage gap is quite small. The average worker earns $8,000 per year with a plumber earning $16,000 and a lawyer $19,000. The average CEO makes $50,000. In the US there is one lawyer for each 248 people and in Croatia there is one lawyer for every 1,300 people. Apparently the time and effort to get a law degree is not worth the extra $3,000 per year. By the way since September 2, Bezos has lost $21 billion but this is not likely to make the news.

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