I admit, I got sidetracked. Instead of writing a blog post for today, I read everything on this chart:

http://xkcd.com/980/

It reminds me a little of an Andex chart, in that it’s packed with too much information. But in this case, the information is way more dense. The artist listed 5 (6) things that he learned in researching the chart. Here are five things I learned:

  1. A dinner at McDonald’s is cheaper than a homemade chicken dinner, or even a homemade dinner of pinto beans and rice, if you include shopping for two hours, travel, prep and cleanup (at $16.27/hr). The moral: don’t shop every single day.
  2. Between 1965 and 2007, worker compensation has remained constant, after adjusting for inflation. CEO compensation, conversely, has exploded. In 1965, a CEO earned 25x the hourly wage of a worker. In 2007, the CEO earned 275x the worker’s wage.
  3. In America (and probably across Western democracies), the government taxes the rich more than the poor, but FAR from proportionally to their income generation.
  4. The American government currently funds about 40% of its spending programs using debt. On a related note, Canada has a little more debt than the US in proportion to GDP.
  5. The combined pay at banks and Wall Street firms is about half of combined teachers’ salaries. In a similar vein, government spending on K-12 education (in the US) is less than a third of total spending (including privately) on health care.
  6. In the US, the government consumes almost 14% of GDP. In contrast, education costs 1.1% of GDP.
Money

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