It’s mostly because of stock awards as part of compensation packages.
If you get $50,000 in equity each year and the shares are worth $20 when you were awarded them, then they balloon to $160, you just earned $400,000 for each year you held on to them. These numbers are all made up and just for reference, but this is what some of these hardware company employees experienced.
You seem to be mixing two topics. One appears to be a complaint about purchasing power between tourists and locals, and the other about US domestic purchasing power on minimum wage.
You’ve got lots of great answers by others on the latter and how it is unsustainable as a living wage. Why Americans (and likely other Western tourists in general) consider certain countries “cheaper” is because of exchange rates. That would be a whole post on it’s own.
A single US Dollar (USD) can be used to buy about 93 Indian Rupees (INR), as an example. The average monthly wage is something like 25,000 INR, so even minimum US federal wage would be 5x more monthly buying power (but as explained by others, minimum wage earners are not the ones traveling). “Cheap” is used to compare against a similar purchase in their home country and what it would have cost there. It is not an insult but a way to describe the difference in cost relative to income.
The one that basically started it all!
Technically, zero… If you don’t mind not posting that is, libredirect is an option.
Anyone can go and look at the S-1 filing to see under the hood or check out what financial analysts say about it. Total collapse is not likely (right now) for various reasons within it.
The article has the ultimate answer to your question: if they don’t build revenue to match the massive investments they’ve committed through 2045, they go bankrupt.
Long term bubble or not, everyone involved in (selling during) this IPO is going to have made off like a bandit well before that. This includes earlier investors like Amazon, if the stock price goes above $59 per share and their convertible notes can be exchanged for equity.
The full S-1 is over 300 pages. Here’s a summary example that appears to be free if you’re interested in some details: https://sec-api.io/insights/anthropic-ant-s-1-ipo-sec-filing-analysis (fair warning: this one reads like AI was involved)