Posted on 01/20/2022 10:07:57 AM PST by TigerClaws
The University of Pennsylvania’s Wharton is genuinely regarded as one of the finest business schools in the country — U.S. News & World Report ranks it second, behind only Stanford.
But these aspiring giants of the business world could use an education in real-world economics.
Nina Strohminger, a professor of legal studies and business ethics, tweeted that she had asked students what the average American makes. They did not do well.
The tweet triggered a firestorm of responses, mostly along the lines that these students were out of touch.
One Twitter user linked to New York Times data, showing the median family income of a student from Penn is $195,500. And that’s for the university as a whole.
As for the real number, the Social Security Administration put the average U.S. annual wage last year at $53,383, and the median wage at $34,612.
In the fourth quarter, the Labor Department said median weekly earnings were $1,010, or an annualized $52,520.
(Excerpt) Read more at marketwatch.com ...
It’s not Donald Trump’s Wharton School of Business.
Maybe they were thinking of govt bureaucrats.
You, too?
Ask them who bombed Pearl Harbor if you want a real laugh.
Or ask which country did the USA get its independence from? And when?
FauxCheese only makes half of that.
$800K is the taxes on the 35K income.
This level of ignorance is the direct effect of the poison pill of socialism.
Our entire education system needs to be thrown away, then a new one needs to be built.
But only after the reality and the very idea of socialism is demolished.
Who was on MSM tv when the discussion was about Michael Bloomberg financing his own campaign and they (wrongly) calculated he could divide his billions and give each current American a million dollars or something? Like the guy in Office Space a little error was made in the placement of the decimal and zeroes.
These are the smart ones?
Be very very afraid if they are.
So incredibly sad and pathetic. And yet here we are, and that’s why
BS article.
Only one student said the average American makes over 800k. Headline makes it appear they all believe that.
Most of the students answers were in line were correct.
Why does everything have to be lied about today?
With a due respect to John Belushi, it really was over when the Germans bombed Pearl Harbor.
The fact that we’re only just noticing this now does not change the truth of the matter.
😉
See my post #13
God bless their sweet little hearts, MarketWatch had to bring Trump in there somehow by quoting a throw away line Ivanka said.
32 years teaching ended making 86,000 a year. First year 6,000.
“FauxCheese only makes half of that.”
In official salary, right. Kickbacks and sweetheart investments is where the big buck come from.
“Why does everything have to be lied about today?”
Why do you have to lie about the headline being a lie.
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