You can cut ‘welfare’ to nothing and no one will learn the skills needed to build ships as it’s expensive and if you don’t have good credit no one will loan the money for the training. The average family income on the US is about $80,000/yr with two people working and two children. The average CEO income is over $880,000/yr not counting the stock bonuses which brings their average pay to $17,000,000/year
This year Singapore Airlines gave a bonus to all their employees equal to 8 months of their salary. This was based on the profit the airline made for the year.In the USA this would never be done that profit would go to the CEOs and stockholders. But you’ll notice a difference if you ever fly on Singapore Air, the service is great as they all have skin in the game.
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