While athletes, movie stars and other celebrities can earn very high incomes, the majority (61%) of very high-income people (> $1,246,000) work as corporate executives or in the finance industry.
When you account for all taxpayers with income greater than 1.2 million a year, the list includes: Lawyers; Medical jobs; Real estate jobs; Entrepreneurs; Business operations; Computer, math, engineering, technical jobs; Skilled sales; Professors and scientists; Farmers & ranchers
Data source: Jobs and Income Growth of Top Earners and the Causes of Changing Income Inequality: Evidence from U.S. Tax Return Data (pdf)
A new series looking at Fun Facts! about US and World economies. I am starting with something simple: In 2009, 50% of the world’s 6.8 billion people lived in just 6 countries: China, India, United States, Indonesia, Brazil and Pakistan.
If you want to look up the population for the rest for the world try the World Bank’s data tool.
Log scale version of yesterday’s Real Growth of US GDP graph. If you look at the Long-term Stock Growth graph, the slope of the trendline looks similar to the US GDP trendline. However, when you calculate their annualized growth rate from 1871-2009 you get:
Annualized Real Stocks Price Growth 1.95%
Annualized Real GDP Growth 3.47%
This time I am plotting United States GDP as a comparison to my first graph US Stock Market Growth since 1871 in this series. You will notice that the 2009 US GDP dropped to 2005-2006 levels as a result of the recent financial crises.
Log scale version coming tomorrow.
Subscribe via RSS
Subscribe by Email
Visualizing Economics was started in 2006 by 
Follow me on Twitter
My LinkedIn Profile
