January 26, 2012

Income inequality: Who exactly are the 1%? | The Economist

"The richest 1% earn roughly half their income from wages and salaries, a quarter from
self-employment and business income, and the remainder from interest, dividends, capital gains and rent. According to an analysis of tax returns by Jon Bakija of Williams College and two others, 16% of the top 1% were in medical professions and 8% were lawyers: shares that have changed little between 1979 and 2005, the latest year the authors examined (see chart). The most striking shift has been the growth of financial occupations, from just under 8% of the wealthy in 1979 to 13.9% in 2005. Their representation within the top 0.1% is even more pronounced: 18%, up from 11% in 1979..."

via www.economist.com

20120121_USC422

Related articles
Enhanced by Zemanta
Jan 26, 2012 8:16:58 AM | capitalism 2.0, Current Affairs

The comments to this entry are closed.

NEXT POST
Audi's Future: Self-Driving Cars, Dual HUDs, LTE Some smart stuff by Audi, see below. Clearly, a car than can be both self-driven or driven by me, and maybe does not have a tailpipe (it would be crucial, in my view, to be fully electric rather than hybrid), and is fully connected to all kinds of digital services, will be very popular. Just think of the possibility of facilitated car-sharing using social networks - how much traffic reduction could we achieve with that? And better yet, maybe the car becomes our small private office and we don't actually drive much in it, at all;). Either way, car companies are becoming lifestyle providers, in a way. And selling stuff becomes... selling a service. Audi's Future: Self-Driving Cars, Dual HUDs, LTE | News & Opinion | PCMag.com Within that time period, or within the next decade, Audi also hopes to be able to launch so-called ITS-G5 or automotive WLAN technology into something it calls “street preview”. Using a 5.9-GHz wireless radio, cars would talk to themselves in clusters, reporting their own traffic information. The technology also could improve safety, warning other vehicles automatically as cars approach an intersection. Audi executives also said that they’re showing off a dual “contact-analog” heads-up display at CES, which provides an augmented-realit view of the environment - for example, painting a directional arrow directly over the intersection, and adjusting its size and positioning as the car gets closer. Pedestrians would be shown using night vision mode, and the distance to the car ahead would also be shown. The passenger, meanwhile, will have their own heads-up display, a more conventional model. Audi said its prototype allows the passenger to “swipe” the driver’s display over to the passenger, allowing that person to see what the driver sees. Not surprisingly, Audi’s vision also includes a self-driving car, of...
PREVIOUS POST
My video intro to the annual MIDEM music conference: we must move from EGO to ECO (or face stagnation) This just went up on the MIDEM Youtube channel. More at #midem @gleonhard twitter hashtag

Gerd Leonhard

Keynote Speaker, Think-Tank Leader, Futurist, Author & Strategist, Idea Curator, some say Iconoclast | Heretic, CEO TheFuturesAgency, Visiting Prof FDC Brazil, Green Futurist

The Futures Agency
steve
techonomy
Alan Edgett
The Typepad Team
David Rosen

Search

Other things I use

Recent Comments