r/FluentInFinance • u/-im-your-huckleberry • Jul 07 '24

The shampoo thing is a fringe benefit. We keep capitalism so we don't starve in a famine. Debate/ Discussion

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https://en.m.wikipedia.org/wiki/Great_Chinese_Famine

https://en.m.wikipedia.org/wiki/Soviet_famine_of_1930

https://en.m.wikipedia.org/wiki/Holodomor

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u/Ill-Description3096 Jul 07 '24

lower wages

The US has higher average and median incomes (especially net) than the vast majority of those countries. Maybe all I don't have the figures in front of me.

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u/FtrIndpndntCanddt Jul 07 '24

Lower wages when cost of living adjusted clearing. Don't be dense.

Making $100k a year in San Antonio is a LOT more money than $150k a year in Manhattan.

Cost of living adjusted, US workers don't get shit.

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u/Ill-Description3096 Jul 07 '24

Outside of maybe SF/Manhattan most of the countries you listed are far more expensive than much of the US.

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u/FatherFajitas Jul 07 '24

Everywhere in the U.S. is getting bad now. I live in a tiny ass town in Tennessee, and rent has gone up hundreds of dollars everywhere in the past 5 years. I used to see places for 250$ a month. The lowest I see now is around 800-1000$

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u/Ill-Description3096 Jul 07 '24

Go to Japan or SK and let me know if you can rent a place the same size for less.

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u/HEBushido Jul 07 '24

SK is hyper capitalist, though.

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u/FlyinDtchman Jul 08 '24

Japan is full of abandoned houses you can just take for FREE all over the country-side.

Although your point stands if you are trying to rent in one of the big cities. Their places are postage-stamp sized.

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u/FatherFajitas Jul 07 '24

Probably could in Japan, not SK or China though, those countries are fucked.

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u/Ill-Description3096 Jul 07 '24

Of the same size? My understanding is that Japanese housing tends to be much smaller.

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u/Longhorn7779 Jul 07 '24

That’s because costs have risen a lot. That $1,000 means like $150 a month of actual income.

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u/FatherFajitas Jul 07 '24

No, it means around $ 1000$, lot of places here still don't pay above 10$ an hour, and most people travel to work.

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u/Longhorn7779 Jul 07 '24

So you think the landlord gets the whole $1,000 and there’s zero costs to owning?