January 2006

So you think you’re not paid enough…

by Catherine Mulbrandon

A New Way To Be Underpaid
A little article I found on Forbes.com It explains how anyone can feel underpaid. Just depends on who you compare yourself to. And what method you use to calculate your true worth.

Here’s how it goes: General Electric (nyse: GE – news – people ) has about $750 billion in assets. If its CEO was paid like a hedge fund manager–who typically takes at least 1% of the assets and 20% or more of the profits–he would be paid $750 million–oops, it should be $7.5 billion!–just for showing up, plus a bonus if there was any profit. So what is GE chief Jeffrey Immelt doing being paid just $12.6 million

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The richest 20% are getting richer

by Catherine Mulbrandon

in Other

I found this data on the Census web site. What is interesting about this graph is that it shows the richest 20% of families in the United States has been capturing more of the total income since the mid-70s. Which means of course the bottom 80% is getting less.

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GDP per Capita vs Gini Index

by Catherine Mulbrandon

in Growth of Income Inequality, VE Infographics

GDPCapitaVSGini
Scatter plot of 113 countries comparing wealth vs income inequality. The red square is the United States.

The L shape of the scatter plot was not what I expected. However, many countries don’t have a recent Gini index (1987 to 2003) while GDP per capita is available for 2003/2004 for most countries.

Definition of Gini index a measure of income inequality.
0 = equal distrubution
100 = one person has everything

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