Partially, I agree your conclusion, but I believe some clarifications could help on the math part, because minimum wage will never put you in the top 10% of world income.
From investopedia 2024:
How Much Income Puts You in the Top 1%, 5%, 10%?
Individuals in the top 10% earn at least six figures annually. In some areas, those in the top 1% must make over $1 million per year, while in others, the threshold is lower.