this post was submitted on 01 Jun 2024
394 points (99.2% liked)

Work Reform

10137 readers
40 users here now

A place to discuss positive changes that can make work more equitable, and to vent about current practices. We are NOT against work; we just want the fruits of our labor to be recognized better.

Our Philosophies:

Our Goals

founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] [email protected] 1 points 6 months ago

Not necessarily. Folks in developed countries have much greater opportunities to rack up debt and large negative equity. I would not be surprised if the bottom % are made up of students and gamblers that in practice have a far higher standard of living due to their access to money, relative to the developing world where people with a "net 0" balance are starving to death.