this post was submitted on 26 Sep 2023
501 points (98.3% liked)

Work Reform

9833 readers
509 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 1 year ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
[–] KevonLooney@lemm.ee 0 points 1 year ago (1 children)

You forget the impact of compound interest. If you invested 1 dollar at 1% interest, you would have a billion dollars in just over 2000 years. So these comparisons based on income are not useful.

[–] dangblingus@lemmy.world 4 points 1 year ago (1 children)

If you invested money at 1% interest, you would lose money due to inflation.

[–] KevonLooney@lemm.ee 0 points 1 year ago

Real interest, after inflation.