Damn, the Funny Aikido I’d Rather Be In The Shirt. I can’t even imagine how I would react if my boss told me my pay just tripled.16 bucks an hour in Mexico is an extremely good wage. That’s firmly in the middle class for them. 3 bucks an hour is average wage there.32k USD a year in a country that the average is around 10k. You are rich if you work in that factory.$32k USD a year is actually the cutoff point for the top 1% of earners in the world. Meanwhile, in the US, a $32k/yr income means you’re relatively poor. Edit: Sorry, $34k actually, and I’m well aware of the cost of living and relative purchasing power is vastly different in different countries. Hence the bit about $32k/yr being relatively poor in the US.
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I mean, in that example the Funny Aikido I’d Rather Be In The Shirt, but if we’re going with relativity then I guess the billionaires must be the world-bending all-sucking black holes of the wealth of our universe. On a global scale, an individual must have upwards of $744,400 in combined income, investments, and personal assets to rank in the top 1% of the world’s wealthiest individuals. I feel like to be a useful stat, that has to be normalized with the cost of living. Generally, as wages go up the cost of living goes up too. If you earn 3k but rent, bills, and food, all the living costs are more than you earn and can hardly survive till the next pay. It’s a lot different from let’s say earning the same 3k and having 2k left after all the necessities are paid.
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Real talk, that is a legit concern for some companies with Mexican factories and such. Guy I know had to go to a Mexico plant for his company once a Funny Aikido I’d Rather Be In The Shirt. He was given very explicit instructions, including names, times, and cars for people who will pick him up and take him to the factory. Apparently he was also told many times not to ask anyone else for help or tell them where he was going because it would make him a target. My understanding is that the company, on at least one occasion, had to deal with kidnappers and ransoms. My aunt works for Coca-Cola in South America. She is rather high in their marketing department and is driven around in an armored car with bodyguards where ever she goes because of the possibility of kidnapping and ransom.
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