RE: Results of the "What does it cost?" miniseries - Minimum Wage
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This is really an insightful chart. It is something that I will use in the future. I think it really tells the story and what we need to target.
It is very interesting to see the differences. Of course, this only is the income side, without reference to the expense side. Both are required to determine the standard of living.
We know most of those areas, even the developed countries, minimum wage means one is lagging behind. This is the crypto opportunity.
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Minimum wage in the US seems to leave a lot of people/families lacking in the basic needs. The pandemic has only highlighted this even further (ex: lines of cars becoming the modern day bread lines). Crypto could help all humanity rise up to a more comfortable living standard, but I'm not sure that those with traditional wealth and power are very interested in that or will let that happen.
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Sadly, it all comes down to power and control. It appears those who have it, for the most part, are psychopaths intent on enslaving humanity while they operate under the premise of "more".
No matter how we break it down, money is power. There is no way around that. Thus, spreading wealth around will only make people more powerful, something those in control do not want to see.
Hence they use their laws, guns, and jails to exert influence over the behaviors of others. This leads to obedience since people are so dependent upon those with the power.
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Well said. 👍
Extracting ourselves from wealth inequality will be difficult but hopefully not impossible.
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That is why I think we need the "fly under the radar" approach.
Crypto has that opportunity. Get involved in projects that do not get a lot of attention but are growing.
This way, people can see their fortunes change while the powers that are are occupied elsewhere.
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That's the perfect strategy, try to sneak up on them a bit and at the same time I try to limit giving them what they need. Over the last 5 or 6 years I have really down sized my life trying to reduce my contribution to their power. Alone I am not much of a force but multiply that by millions and who knows.
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Thank you for stopping by. Expeses in form of Breakfast and Haircut are following. But i can already tell, that the difference is not as large as it is seen here. There are great chances when real, individual people can start doing business together without middlemen taking big cuts. I totally agree that here are the opportunities that crypto could help to realize.
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We certainly can change things in a quick and big manner. As some of the projects on Hive, even without a huge amount of people, are showing, insane returns are possible without nutty yield farming or scams.
It is amazing how much is siphoned out of the existing system before people have a chance to get involved.
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That's correct - even in developed countries people on a minimum wage are lagging behind. The minimum wage in the UK is based on two thirds of the median wage for the whole of the country. We also have a situation where even though a person is on a minimum wage (and may even have more than one job), they are often still dependent on welfare benefits to cover their living expenses.