Talks have reached an impasse on the stimulus package that was designed to provide relief in light of the coronavirus shutdowns, and if legacy media is to be trusted, millions of Americans are upset because they aren’t getting a few hundred extra dollars in their bank accounts.
Let’s do something educational today. The following is a mathematical sign:
This symbol means less-than. It is used instead of an equals sign in mathematical expressions where the left side of the expression is of lesser value than the right. When the opposite is true, and the right side of the equation is of lesser value, the symbol is flipped horizontally and is galled a greater-than symbol.
This symbol is called much less-than. The theory behind it is the same as the less-than symbol, but with a bit of a subjective element; it can be used when the difference in quantity is vast, to the point that it’s obvious that the two sides of the expression are nowhere close to equal.
Knowing that, let’s make a comparison. The next coronavirus relief package being considered would deposit $1200 into the bank accounts of Americans. If you, like myself, are accustomed to living marginally, you’re imagining all the macaroni and cheese you can buy with all that money.
Otherwise, that 72 inch TV that you’ve been eyeing has come into your crosshairs.
It would seems like $1200 is a lot of money, but there’s a reason I brought the less-than sign into this; we’re going to make a comparison. The poverty level for the 48 contiguous states in the United States is $12,760 (source). Living on that kind of money is not easy, but it’s certainly a lot more reasonable than attempting to live off of the stimulus checks alone. In this case, the less-than symbol is merited, because it’s obvious that the former quantity is lesser than the latter.
Let’s do another comparison. Let’s compare the $1200 number to what a person would make in a year employed at minimum wage, full-time. It varies state-to-state, but assuming the Pennsylvania minimum wage of $7.25 / hour, that comes to about $15,080 dollars per year. Another less-than case where the stimulus package is only of marginal realistic help.
Next, let’s compare the $1200 number to the median household income in the United States for the year 2019. That would be $68,703 (source). In this case, the much less-than sign is merited.
And for anyone curious, the average yearly income for an Electronic Technician is much less than that median household income. Are STEM majors FTW, after all?
It should be obvious at this point that the correct way to deal with the economic damage caused by the coronavirus shutdowns would be to allow businesses to conduct business, so that the people they employ can be compensated for their contributions. Compared to the yearly income of nearly all people gainfully employed in the United States, the coronavirus relief packages are a mere drop in the bucket.
One of the reasons why I tend not to vote Democrat is because I have an understanding of what the economy is, and know how to do simple math, including the direct comparison of quantities. It’s obvious that the left is attempting to court the short-sighted who overestimate their own abilities.
As vexing as it may be, it’s an approach that works, because there are enough dimwits out there to make a difference.