It should not surprise me that ¼ of Wharton MBA wannabees think that the average wage in the united states is over $100,000.00, but it does.
This helps explain why the “Captains of Industry” out there are so disconnected from the actual struggles of ordinary people, they are living on another planet:
A simple question from a university professor caused a social media firestorm and led to a major discussion about the U.S. wealth gap this week.
Nina Strohminger, a legal studies and business law professor at Wharton, the number two ranked business school in the U.S., wrote on Twitter that one quarter of her students thought the average American salary was over six figures, and one even thought it was $800,000 a year.
“I asked Wharton students what they thought the average American worker makes per year and 25% of them thought it was over six figures,” Strohminger tweeted on Wednesday. “One of them thought it was $800k. Really not sure what to make of this (The real number is $45k).”
The average annual wage in the U.S. 2021 was $53,383, according to the Social Security Administration. That’s nearly $30,000 less than the annual tuition at Wharton which is $80,432 per year.
“It tells me that these Wharton students grew up in privilege and never experienced an eviction notice,” Twitter user Sandra Bucciero replied to Strominger’s tweets.
Many Americans, for instance, think the Black-white wealth gap is 40 to 80% smaller than it actually is, according to The Institute for Social and Policy Studies at Yale University. And wealthy Americans in particular have skewed ideas about wealth distribution — they overestimate the average wealth of the wider U.S. population, according to the Journal of Psychological Science. Studies on the correlation between money and moral behaviors have also found that wealthy people are less likely than low-income people to relate to the suffering of others, as compared to poor participants in a lab setting, and score worse in demonstrations of compassion.
The rich are different from you and me, they are worse human beings, and completely clueless.
I would argue that their blindness to these issues is on some level deliberate, if they really thought about the true scope of the misery that they inflict, they would feel a need to actually do something about it.