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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:39 AM
Original message
Can someone do the math for me?
I earn $40k per year.
Half of all humans live on less then $2.oo per day.

Therefore, in terms of the human population, I would guess that I am in the top 10% of wage earners on the planet.

Would top 10% be accurate or is more information needed?
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MannyGoldstein Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:40 AM
Response to Original message
1. More information is needed.
You need to know the distribution of incomes.
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mdmc Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:42 AM
Response to Reply #1
2. thanks for the reply..
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Zywiec Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:42 AM
Response to Original message
3. You're in the TOP 3.17% richest people in the world!
http://www.globalrichlist.com/

Way to go moneybags!

:hi:

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LAGC Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:44 AM
Response to Original message
4. Don't forget that cost of living is alot higher here than in many of those poor countries.
If all things were truly equal, we'd be considered "rich" -- but its all relative to our fellow countrymen.
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 08:46 AM
Response to Reply #4
14. Basically every American has access to clean, potable water
After I went to Lagos I realized how absolutely horrible it is to not have that. That's "rich" by world standards.
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geckosfeet Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:44 AM
Response to Original message
5. Well - you are certainly in the top 50% based on your data.
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 06:47 AM
Response to Original message
6. The poorest people in the US are in the top 10% on the planet
Edited on Thu Jul-07-11 06:51 AM by Recursion
Someone in the 2nd percentile of income here has more money than someone in the 98th percentile in India. It's one of the reasons I'm less quick to criticize corporate capitalism than a lot of people on this board are.

I make a bit more than the US median income, and through Kiva I lend $25 to one Indian or African business owner every month. I spend more than that on coffee in a week, and that's a large enough capital investment for them that they are having to issue bonds for it. Those aren't the poor people in those countries; these are business owners. And the amount of money I could scrape together from loose change around my apartment is a significant capital investment for them.
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izquierdista Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 07:14 AM
Response to Reply #6
7. I would think it would make you quicker to criticize
The corporations that grew up here in America, where they had to pay wages to a prosperous middle class (because of union contracts) now see $5 a day as their wage goal. Think of all the profits they could make then! So they move as many operations that they can to the lowest wage countries as they can and wonder why Americans don't seem to be buying as much of their products as they once did.
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 08:38 AM
Response to Reply #7
10. I think what I said was too glib -- I'm all too aware...
...that a lot of our prosperity currently comes from keeping these people in the developing world poor, and that corporations are a large part of doing that.

I think the goal depends on the corporation (Koch Industries, incidentally, isn't actually a corporation, though it owns several). In general they want to see lower wages, though Ford's logic that their employees need to be able to buy their products still applies. The race to the bottom hasn't hit everywhere and at least in the places I've lived (which, I freely admit, are ridiculously affluent even by US standards) a lot of the companies have no interest in participating in it.
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Zywiec Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 07:52 AM
Response to Reply #6
8. Do you think some people refuse to believe how well off they are
compared with the rest of humanity?

I am very grateful to be able to turn on my faucet and have as much drinking water as I want. In 30 years the liquid of the future will be water and not oil.

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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 08:50 AM
Response to Reply #8
15. Amen. Here's a slum in Lagos


That knee-deep pile of trash (a lot of it is American and European trash, incidentally) stretches on for about 6 miles in three directions (the fourth direction is the ocean, or I think in this case the lagoon -- these poor people are also being hit with climate change faster than we are, too, because apparently it doesn't suck enough there already).

Clean water is a wonderful thing, as you rightly point out, and most of the $2/day crowd can't get any.
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dmallind Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 08:42 AM
Response to Reply #6
12. Cool idea. How do you arrange that may I ask? nt
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 08:45 AM
Response to Reply #12
13. Microlending? The big one is Kiva
www.kiva.org

There are some complaints about it, as a warning; in some regions it's in danger of becoming like payday loans here. Still, it's a good idea IMO, you just have to judge the individual businesses. There are several other microlending sites; just Google for them. As always, do your homework; there are some shady sites out there too.
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Bandit Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 07:56 AM
Response to Original message
9. NOBODY can live on $2.00 a day and pay the same prices as you do on everything.
It is all reletive..Earn a thousand dollars a day and pay $6.00 a gallon for milk.
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Recursion Donating Member (1000+ posts) Send PM | Profile | Ignore Thu Jul-07-11 08:41 AM
Response to Reply #9
11. You'd be surprised
Bag of lentils + bag of barley + gallon of water: about $2.50. Say $0.50 for fuel to light your fire. With a day and a half's money at $2 per day, you've got food for four days.
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