throw93
Joined 7 years ago
Joined 7 years ago
Source - https://www.statista.com/statistics/782411/parental-income-o...
Also it's insane to compare Elon's family with a Journalist. Elon's father invested $200k for 10% in his first venture while half the journalist earn less than 50k. https://www.bls.gov/ooh/media-and-communication/reporters-co...
Median American household income is $70k before taxes. Do you think this household can afford college tuition and expenses?
His dad invested $200k at 10% at a later stage. I'm pretty sure it qualifies as rich daddy. Source: https://twitter.com/elonmusk/status/1211064937004589056
Btw Musk had little to do with the success of X. The revenue of PayPal was merely $61 million at the time Musk was fired as CEO of X.com(later PayPal).
Also who decides the metrics of "Productivity"? If we listen to our bosses and CEOs we would ruin our mind, body and personal relationships while they generate intergenerational wealth.
Also it's wrong to assume companies are rational. If you are constantly in a cycle of hiring and firing employees, then it indicates you have a no long term vision and no skills to navigate the market.