Economic

Whose top 1% does best?

How we answer this questions depends on what we mean by best and the comparison group. For today we’ll look at the share of income by the top 1% and compare mostly western Europe countries. The graph here is from the world income database. It is good to be in …

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What is the CEO-to-worker compensation ratio?

The Economic Policy Institute article CEO pay has skyrocketed 1,460% since 1978 by Josh Bivens and Jori Kandra (10/2/2022) include the chart here. Definitions first: The realized measure of compensation includes the value of stock options as realized (i.e., exercised), capturing the change from when the options were granted to …

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What are the economic freedom rankings?

The Fraser Institute does an annual economic freedom report (9/8/2022), which ranks countries and interesting also states in the U.S. The main page includes an explanation of what goes in the economic freedom score. The most recent data, 2020, and the sub scores are available to download. The U.S. ranks …

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How has the middle class changed?

The Pew article How the American middle class has changed in the past five decades by Rakesh Kochhar and Stella Sechopoulos (4/20/2022) has seven facts about changes in the middle class. Overall  though, The share of adults who live in middle-class households fell from 61% in 1971 to 50% in …

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Do men always earn more than women?

The Pew article, Young women are out-earning young men in several U.S. cities by Richard Fry (3/28/2022) provides the graph copied here. Overall, about 16% of all young women who are working full time, year-round live in the 22 metros where women are at or above wage parity with men. …

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Has much has poverty decreased?

The Our World in Data article Extreme poverty: how far have we come, how far do we still have to go by Max Roser (11/22/2021) provides numerous graphs that quantify changes in poverty. The most general graph is copied here. This one is for the world but users can select …

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How did CEOs do during the pandemic?

Did CEOs take a pay hit like many workers did during the pandemic? The article CEO pay has skyrocketed 1,322% since 1978 by Lawrence Mishel and Jori Kandra (8/10/2021) suggests CEOs did just fine last year. Their chart shows that realized CEO compensation grew during 2020 compared to the average …

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