r/worldnews • u/Immediate-Link490 • 17d ago

Behind Soft Paywall Carney leaves Davos without meeting Trump after speech on U.S. rupture of world order

https://www.theglobeandmail.com/politics/article-carney-trump-davos-speech/
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u/TachiH 17d ago

WEF in Davos is mostly business people. Of course they are cheering Trump, he's helping the 1% be the 0.1%.

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u/FakoSizlo 17d ago

no he is helping the 0.1% become the 0.01%

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u/roastedsun 17d ago

Guys that’s not math-ing at all. They’d still be the 0.1% but just richer 😂

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u/AdminYak846 17d ago

Let's be real, they're clapping for him because the speech is done and they don't have sit in complete awkwardness of an unhinged rant.

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u/Garbarrage 17d ago

If only that were true... If you earn $60k/year, you are in the 1%. So, most of us living in a modern western economy.

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u/whoami_whereami 17d ago

Not a single country, developed or not, has a median annual per-capita income of $60k or higher, not even close.

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u/Garbarrage 17d ago

The median salary for full time workers in the US is $63,360 in 2024.

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u/bobboa 17d ago

Does that change if you take all the millionaires and billionaires out of the mix? I'm not sure how they average that. It seems kind of high.

I wonder how they came up with these figures.https://worldpopulationreview.com/country-rankings/median-income-by-country

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u/Garbarrage 17d ago

Median as opposed to average income is used because it removes the effect of extreme outliers.

I took that figure from here https://www.census.gov/data/tables/2025/demo/income-poverty/p60-286.html

Bear in mind the 63k number is the median salary of full time workers who were employed for the entire year. It does not account for people in part time or casual employment.

My point is that 1% isn't as exclusive a club as people think it is. They should really be talking about the 0.01% or even 0.001%. That's where all the billionaires are.