Life is typically different “in a rich man’s world” compared to that of people with less wealth. But they often forget about such differences, be it the lifestyle or the wallet they relate to.
Redditoru/Jonsnowlivesnowrecently told the ‘Antiwork’ community about their CEO’s reaction to an employee not having money to spare. The latter didn’t have $200 on him, which didn’t bring out the boss’ nicest of colors. Scroll down for the full story below.
Some wealthy individuals seem to forget that not everyone out there is on the same level financially
Image credits:Safa Bakırcı (not the actual photo)
This CEO berated their employee for not having an extra $200 on him
Image credits:Ahsanjaya (not the actual photo)
Image source:Jonsnowlivesnow
Wealth inequality is a problem in quite a few countries all over the world
Image credits:Timur Weber (not the actual photo)
People abundant with money might not think twice about spending a hundred or two here and there. But what can seem like minor expenses to them are actually quite significant sums to others. Unfortunately, such inequality exists in most countries worldwide, but in some, the situation is noticeably worse than in others.
World Population Reviewtook a deeper look into the global situation of wealth inequality, also known as wealth gap, referring to the difference between the wealthiest and the poorest of people in a given country. It pointed out that it is usually measured using the Gini index—a statistical measure to gauge economic inequality named after an Italian statistician, Corrado Gini (which goes from 0% to mark perfect equality to 100% signifying the maximum possible inequality).
There’s also quite a wealth gap between the 1% of the planet’s wealthiest people and the rest of the world
Image credits:RDNE Stock project (not the actual photo)
According to Oxfam, since 2020, during the years of the pandemic and the cost-of-living crisis, the top 1% of world’s wealthiest people captured 63% of all new wealth (roughly $26 trillion), while the other 37% (adding up to $16 trillion) went to the rest of the world. It also suggested that over the last decade, the number of billionaires, as well as their wealth, have doubled.
Even though the last decade was seemingly a favorable one for the ultra wealthy, the last year wasn’t,Forbes suggests. It pointed out that all the planet’s billionaires together are now worth roughly $12.2 trillion—$500 billion less than in March of 2022.
Some people are far from millionaires, but wealthy enough to consider $200 petty cash; however, the majority of us mortals would likely not. Especially now, during times of financial uncertainty, which have ledmore than halfof Americans to a state where they don’t have enough emergency savings to cover three months’ worth of expenses. That might be one of the reasons quite a few redditors condemned the CEO’s reaction to the financial state of his employee.
People shared their thoughts about the situation
Monika Pašukonytė
Gabija Saveiskyte
Indrė Lukošiūtė
Work & Money
