this post was submitted on 07 May 2025
427 points (98.9% liked)
Climate - truthful information about climate, related activism and politics.
6518 readers
223 users here now
Discussion of climate, how it is changing, activism around that, the politics, and the energy systems change we need in order to stabilize things.
As a starting point, the burning of fossil fuels, and to a lesser extent deforestation and release of methane are responsible for the warming in recent decades:
How much each change to the atmosphere has warmed the world:
Recommended actions to cut greenhouse gas emissions in the near future:
Anti-science, inactivism, and unsupported conspiracy theories are not ok here.
founded 2 years ago
MODERATORS
you are viewing a single comment's thread
view the rest of the comments
view the rest of the comments
Partially, I agree your conclusion, but I believe some clarifications could help on the math part, because minimum wage will never put you in the top 10% of world income.
From investopedia 2024:
How Much Income Puts You in the Top 1%, 5%, 10%?
That's the top 10% in the United States. They're talking about the top 10% in the world.
I don't think so. I have the impression that the introduction part was talking in general, mainly because it says The amount varies by location and local wage trends, and then it talks about the US, specifically.
Appart from that, in page 23 of the Global Wealth Report 2024 by UBS in The global weath pyramyd 2023 it also says saomething similar, that 16.3% of adults have wealth in USD of 100k to 1m.
Did I get something wrong?
Edit: At the bottom of the investopedia article, they have the sources and since they only have references about the US, I believe I can safely say that I my assumption that the intro was talking about the entire world was wrong.
I think you're underestimating how poor most of the globe is. This study is also on wealth, not just income
Oh, I was just talking about if you averaged things globally. Of course it’s much higher than that if you limit the scope to specific countries or groups.
The calculations in the site you linked is more of a creative accounting approach for feel good purposes. Nothing serious there imo.