Where Are the 1% Employed?

April 24, 2012 in Daily Bulletin

Timothy Taylor reported on a working paper that looked at the top 1% of society and examined some trends over time. Highlights include:

  • Non-Finance Executives, Medical Professionals, and Farmers have declined as a proportion of the 1% between 1979 and 2005.
  • Finance Professionals, Lawyers and Real-Estate Professionals have all risen in the same period.
  • The largest income gains since the 1980s have gone not to the 1%, but, in fact, the 0.1%.

To see expanded tables and to read more about how income as a share of GDP has risen, as well as which profession has seen income triple, and how the data may have changed since 2005 click here.

Source: Conversable Economist