Shifting Incomes for American Jobs | FlowingData

Source: Shifting Incomes for American Jobs | FlowingData

 

The average American hourly wage is $24/hour.  So how many people can afford to hire you?  The average person makes 40% of what you do – IF you earn $100,000.
Click through for an interactive graph which Nathan Yao has designed. It shows the distribution of income within occupations by occupation  in 1960, 1980, 2000, and 2014.  Looking at lawyers income you will see that most lawyers make under $100,000.  A handful make $150,000 and then a sizeable group earning above $200,000 This is no surprise to me.  It is a struggle to generate the $500,000 in business and fees you need to make $100,000.  Note that there is employer’s shareof Social Security and Medicare is 7.65%.  Plus health insurance.  A good individual plan costs about $700/month. So to make declare $100,000 costs you about $115,000 minimum.  So that comes to $57/hour if you work 2,000 hours/year.    GWC
Shifting Incomes for American Jobs | FlowingData
by Nathan Yao

As you progress through time, you’ll notice the distributions of income spread out more. This is especially obvious when you switch between 1960 and 2014. With the exception of lower paying jobs in areas such as food preparation and cleaning, it looks like there’s more opportunity to earn a higher salary (among those who have jobs at least).
That said, even if a job typically pays well, there are still people at the lower end of the bracket.

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