bill gates has peak pay/hr at a million times avg pay/hr - & has averaged over his career at 50,000 times av pay/hr
meanwhile the avg person works over 50 hrs/wk [i have seen figures on the net of over 90hrs/wk for american housewives, figures of 70 hrs/wk for british housewives - & the poorer the person, the harder they have to work just to survive - poorer means underpowered, so victim of the relative power of others, ie, they get stolen from, they have to slave [euphemisms: exploited, underprivileged]
& the hardest working person cannot do more than double this /wk
so can 'working very hard' justify no more than twice the average pay?
is this correct thinking?
is there a mistake in the reasoning anywhere?
when a person says: i worked hard for 'my' money, can we rightfully ask: what was your avg pay/hr? ie what is your fortune + spending, divided by workhrs?
what if 'his' pay/hr is 50,000 times avg? or 10x avg? hard work cannot justify higher than avg pay/hr - can anything?
2006-10-18
16:31:29
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5 answers
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asked by
Anonymous
in
Economics