> Current graduates are simply asking for their compensation to reflect the cost of living in the United States.
If the entire GDP of the USA, after taxes, were simply taken (about $15 trillion) and equally distributed among the ~210 million working age adults of the United States, each would receive about $70,000 a year.
If the 70 million university graduates were each paid a handsome and deserved $150,000 (hey, that $100k's only the start, right?!) that would be about 10 trillion for them, and the remaining 140 million Americans would collectively get about 5 trillion, or an average of about $35,000 each.
America is not actually infinitely wealthy, and a fair and just society requires some hard thought about how ultimately limited wealth gets distributed.
If the entire GDP of the USA, after taxes, were simply taken (about $15 trillion) and equally distributed among the ~210 million working age adults of the United States, each would receive about $70,000 a year.
If the 70 million university graduates were each paid a handsome and deserved $150,000 (hey, that $100k's only the start, right?!) that would be about 10 trillion for them, and the remaining 140 million Americans would collectively get about 5 trillion, or an average of about $35,000 each.
America is not actually infinitely wealthy, and a fair and just society requires some hard thought about how ultimately limited wealth gets distributed.