this post was submitted on 12 Jun 2024
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US Authoritarianism

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Hello, I am researching American crimes against humanity. . This space so far has been most strongly for memes, and that's fine.

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[–] LaLuzDelSol 217 points 1 week ago* (last edited 1 week ago) (12 children)

That can't be right though... 1000 people isn't nearly enough to drag the average income down 5k BELOW the median income in a nation of over 300 million. It should still be higher due to the long tail on the high side of incomes.

Proof: Average income in top 1% is 819k https://www.unbiased.com/discover/banking/how-much-income-puts-you-in-the-top-1-5-or-10#:~:text=To%20be%20in%20the%20top%201%25%20of%20earners%2C%20you',earn%20an%20average%20of%20%243%2C312%2C693.

Solve the weighted average:

819 * 0.01 + x*0.99 = 74.5

Where x is the remaining average. X≈66.3k, and that's excluding the ENTIRE 1% which is over a MILLION people at least, depending on how you count it. America is big.

[–] [email protected] 131 points 1 week ago (4 children)

I guess the lesson here is don't trust unsourced factual claims in political memes because they are probably just made up

[–] [email protected] 50 points 1 week ago (2 children)

Anime girls will never lie to you.

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[–] [email protected] 15 points 1 week ago

You mean information on an obvious anti-US propaganda community might not be particularly high quality?

[–] TheLowestStone 10 points 1 week ago

86% of statistics quoted on the internet are made up.

[–] LaLuzDelSol 5 points 1 week ago

Yep. And never trust information embedded in a jpeg if it doesn't include a source!

[–] [email protected] 21 points 1 week ago* (last edited 1 week ago) (2 children)

Yeah, these numbers don't make sense.

To explain the first panel alone, by removing the top ten earners from the data set, you'd move the median to.the lower end by 5 "slots". I'm confident that there are more than 100 people in the USA who make between $65k and $75k (I know at least 25).

If they mean the average/mean, that still doesn't add up. Assuming that the US population is about 350 million and that 350,000,000 - 10 ~= 350 million.

NGL, formatting the equations and walking then out step by step is a pain, esp on mobile, but the answer I came to is by multiplying the difference in mean values (~$10,000) by the US Population (350 million), which yields $300,000,000,000 or about 10 billion per person once evenly distributed.

Elon Musk (2nd richest man in the world at time of writing) has a net worth of less than $5 billion rn, but the numbers here imply that the top earners in the US made at least 60x that amount.

TL;DR: I'mma need some sources on this.

Edit: on my app (Voyager/Wefwef) I can't save draft comments to go look at the meme while commenting, so definitely have some things off from.what the meme was saying, but they're close enough I'm leaving as it.

Also, spelling/grammar

[–] EvacuateSoul 18 points 1 week ago* (last edited 1 week ago) (3 children)

Your slot argument only makes sense for median, when the picture is about means. I still think it's off though.

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[–] StrongHorseWeakNeigh 14 points 1 week ago

Yeah, I thought that seemed a little far fetched

[–] [email protected] 5 points 1 week ago (2 children)

But I think this is only about wages right? It doesn’t take into account growth in net worth based on shares, does it?

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[–] [email protected] 62 points 1 week ago (1 children)

This is also why the publiclly discussed focus is on household income, which is mostly two incomes. Prior to the 80s single income housholds were the majority.

[–] paultimate14 26 points 1 week ago (1 children)

Maybe more than 2 when you add in the children!

[–] [email protected] 7 points 1 week ago (1 children)

I always assumed in the US "household income" went off tax filings, so it would only be individuals, or married filing jointly

[–] [email protected] 16 points 1 week ago* (last edited 1 week ago)

Household

Definition

A household includes all the people who occupy a housing unit (such as a house or apartment) as their usual place of residence.

A household includes the related family members and all the unrelated people, if any, such as lodgers, foster children, wards, or employees who share the housing unit. A person living alone in a housing unit, or a group of unrelated people sharing a housing unit such as partners or roomers, is also counted as a household. The count of households excludes group quarters. There are two major categories of households, "family" and "nonfamily."

Household is a standard item in Census Bureau population tables. source

It’s physical building or apartment people live in. 4 individual single tax filing roommates count as a household.

[–] problematicPanther 50 points 1 week ago (1 children)

Remember kids, always account for outliers in your datasets and also eat the rich.

[–] [email protected] 7 points 1 week ago* (last edited 1 week ago)

Or don't. Worst kind of food poisoning. Bioreactors are safer.

[–] [email protected] 18 points 1 week ago (4 children)

Is this fact/accurate??

Excluding top 1000 drops the average in half??

Definitely a reason to only ever use median instead.

[–] afk_strats 24 points 1 week ago (5 children)

Median is the middle point of the population and has its place when the range doesn't skew too much. I think a good representation of income is by percentages, as in "90% of people make $x,000 or below". This chart had dated (2010) data but its a better representation than I've found elsewhere1000002576

[–] chiliedogg 7 points 1 week ago (1 children)

Massive skews and tails are why you use median.

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[–] LaLuzDelSol 11 points 1 week ago

Nah there's no way this is accurate.

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[–] Xenny 14 points 1 week ago* (last edited 1 week ago) (1 children)

Makes sense 36,000. 8K goes to taxes. End up with 28,000 for my entire life for a year. And I work very hard

[–] surewhynotlem 11 points 1 week ago

5k if you're single. 3.5k if you're married. In PA at least. Not sure where you live but your numbers seem extreme.

[–] [email protected] 13 points 1 week ago* (last edited 1 week ago) (1 children)

For the second frame of this to be true, assuming 157 million working Americans, each of the top 10 earners would be making over $150 billion a year on average. This amount is close to the net worth of the world's richest people, and couldn't possibly be their annual income.

edit: fixed error

[–] [email protected] 15 points 1 week ago (1 children)

What? The world's richest people are not in the 1,5 billion dollars range. They are in the 200-100 billion dollars. And it would be surprising if they didn't earn 150 million just from owning this amount of wealth each year.

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[–] [email protected] 12 points 1 week ago (1 children)

The rich are consolidating the market and republicans are too busy incorrectly blaming Joe Biden who is trying to support labor by implementing safety measures and holding businesses accountable.

[–] Feathercrown 6 points 1 week ago (1 children)

You say this as if it's accidental

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[–] [email protected] 11 points 1 week ago* (last edited 1 week ago) (3 children)

I see lots of people are pointing out that these numbers don't make sense. Here are some of my thoughts.

I'm not an economist so I'm probably making some very basic mistakes but...

GDP per capita is $76.3k [Google] Average household size 2.6. [Google] So GDP per household is $198.4k [Calculator]

That is the mean productivity per household.

But the median income per household is $75k [Google]

So what happens to the $123.4k of productivity (198.4k-75k) per household that isn't paid to workers? It's in the outliers and is asset appreciation isn't it?

[–] Zehzin 10 points 1 week ago* (last edited 1 week ago) (4 children)

very disinfectant mistakes

I'm staring at this trying to figure out if autocorrect did you wrong and if it did, what was it originally

PS: A very disinfectant mistake

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[–] Xanthrax 8 points 1 week ago* (last edited 1 week ago) (4 children)

Guys, stop trying to figure out the average. You guys should look for the mode (the most common income, not all income added and divided).

Edit: If anyone has the mode for american income, I'd love to hear it. I can't find it. Just the median and average.

[–] [email protected] 29 points 1 week ago (3 children)

the mode is probably 0.

e.g. there are plenty of people with exactly 0 income. there are few people with exactly another income.

[–] [email protected] 7 points 1 week ago

Yup, Wikipedia says all exponential distributions have mode 0

https://en.wikipedia.org/wiki/Exponential_distribution

[–] pivot_root 6 points 1 week ago (1 children)

It might work a bit better if incomes were bucketed into 5k brackets before taking the mode. From there, I guess you can take the mean or median of all the incomes that comprise the bucket?

[–] [email protected] 6 points 1 week ago* (last edited 1 week ago) (2 children)

It would still always be the lowest bracket, because most people make little and few people make much.

If you look at the horizontal lines here you get 50k brackets:
https://fourpillarfreedom.com/wp-content/uploads/2018/11/ind_inc0-1.jpg

The first bracket is ~65% of the population, the second bracket ~25%, the third bracket ~5%

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[–] [email protected] 7 points 1 week ago (1 children)
[–] [email protected] 6 points 1 week ago (1 children)

https://www.statista.com/statistics/203183/percentage-distribution-of-household-income-in-the-us/

Keep in mind that household income really means 2 income sources, not average American income

[–] LaLuzDelSol 17 points 1 week ago (4 children)

Thats not the source of any of the stats in the meme though? There's no way the average income outside of the top 1000 is that low. Heck, that's not even a large proportion of "the 1%"

[–] [email protected] 8 points 1 week ago (6 children)

Median individual income just over 40k in 2022

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