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SGrouchy comments on The Market for Lemons: Quality Uncertainty on Less Wrong - Less Wrong Discussion

8 Post author: signal 18 November 2015 10:06PM

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Comment author: signal 19 November 2015 04:05:43PM *  1 point [-]

I conclude from the discussion that the term "rich" is too vague. The following is mine: I should be surprised to find many LWers who don't find themselves in the top percentage of the Global Richlist and who could not afford cryonics if they made it their lives' goal.

Comment author: SGrouchy 19 November 2015 11:28:28PM *  3 points [-]

It looks like MOST of the descriptions people are using for "richness" are pretty vague, which I find to be weird since we actually have readily available numbers.

Median US individual income is $26,695 . Unless you want to claim that half of Americans are "poor" or lower class, you should probably start your middle class no lower than that.

(ETA: For a full-time worker over the age of 25 it's $39k, so you could maybe push it up to that, but it disregards a lot of people who are stuck in part time jobs, or are kept working at just below full time so that they don't have to be given benefits)

10%ers start at $82k. I think it would be silly to say someone in the top 10% of US earners isn't rich. Almost all STEM LWers I've met either make well above this, or work for a non-profit.