I bought a smart shirt in ASDA for £2. I like a bargain but there’s something wrong here. There must be two hours work for someone to produce a shirt from scratch. Subtract overheads, materials, distribution, profit: whoever made this shirt is being paid £0.10 per hour.
Wikipedia gives world GDP at $85,000,000,000,000 (eighty-five trillion US dollars) and world population at 7,000,000,000 (seven billion).
Simple arithmetic tells me that, if we could distribute the world’s wealth evenly between each man, woman and child, we could each expect a salary of $12,142, tax free, each year. We could live on that, couldn’t we?