Scatter plot

Job Growth by Industry

From An Illustrated Guide to Income in the United States

For each industry, I plotted the 10-year growth in jobs against the their 2011 average earnings*.  The drop in Manufacturing sector is very dramatic, but  notice, there are several sectors with higher average earnings than Manufacturing that saw their number of jobs increase (like Finance & Insurance). However, all of these sectors had significantly fewer jobs in 2001 compared to Manufacturing. These higher earning sectors (like Professional, Scientific and Technical Service) are dominated by jobs that require more education than most of the Manufacturing jobs. It is important to note, that today, not all of the jobs in Manufacturing are high paying jobs; even in this sector you find the highest paying jobs requiring a post-secondary degree). BTW, take a look at the wages of US Production Workers back 200 years for comparison to the recent trends.

*Average Earnings is calculated by EMSI from wages, salaries, and proprietor earnings for pensions, insurance plans, profit-sharing plans, retirement plans, compensation plans, and supplemental unemployment benefit plans, as well as employer contributions to government social insurance. 

Read Online to view all to the graphics from my book about change in jobs by industry. 

Graph created using OmniGraphSketcher and Adobe Illustrator. Data from EMSI (Economic Modeling Specialists International). Summer–Winter 2011. http://www.economicmodeling.com/ 

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North America Income, Education, Employment: 2006

US Population Ancestry

Screenshot from an interactive mapping tool from OECD Regional Statistics. While you can look at any region I choose North America. The color indicates the GDP per capita: blue is low income while red is high income. The graph on the right is comparing % of population with high school education vs unemployment. (The red circle, indicating very high income, belongs to Washington DC) {Click on the image to take a closer look}

 

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2005 US Income Distribution part 2

2005 log Income Distribution
magnifying glass

I went back to my 2005 US Income Distribution graph and changed the scale to match the logarithmic scale used in Gapminder's World income distribution 2003 graph which shows the historical income distribution from 1970-2000 for selected countries. {Click on the graph to take a closer look}

See Also: Part 1 and Part 3

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GDP per Capita vs Gini Index

GDPCapitaVSGini

Updated version can be found on page 88 in my new book. Read Online

 

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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