I don't think that the article really supports the headline (yeah, I know, this is/., I shouldn't be surprised about that).
First, choosing an unrepresentative sample of 400 people out of about 300 million can't possibly tell you anything useful about the broad trends of a society ("...Rich Get Richer").
Second, of the 400 richest people in the US, only a small fraction of them have their wealth based on a technical source (even broadly defined). So the "Tech" part of the headline is suspect as well.
From the CIA World Factbook entry for the United States:-
Since 1975, practically all the gains in household income have gone to the top 20% of households.
So, it seems to be a good idea to make sure you're in the top 20%, specifically, to have a household income above $81,960/year. I'd bet that's probably under the median around here
In all seriousness though, the real gains in income were in the top couple of percent of earners, so working slobs who toil for 50-60 K per year (remember, this is
Probably because most of the gains in US employment have been in the white-collar "knowledge worker," while much of manufacturing has moved to countries where the wages are much more compatible with that type of work.
Face it, we aren't going to be seeing a big resurgence of that type of work. Retool, adapt, and figure out how to survive in a changing world.
Article Doesn't Really Support Headline (Score:4, Insightful)
First, choosing an unrepresentative sample of 400 people out of about 300 million can't possibly tell you anything useful about the broad trends of a society ("...Rich Get Richer").
Second, of the 400 richest people in the US, only a small fraction of them have their wealth based on a technical source (even broadly defined). So the "Tech" part of the headline is suspect as well.
But h
Rich Get Richer (Score:4, Interesting)
From the CIA World Factbook entry for the United States:-
Re:Rich Get Richer (Score:1)
From the CIA World Factbook entry for the United States:-
Since 1975, practically all the gains in household income have gone to the top 20% of households.
So, it seems to be a good idea to make sure you're in the top 20%, specifically, to have a household income above $81,960/year. I'd bet that's probably under the median around here
In all seriousness though, the real gains in income were in the top couple of percent of earners, so working slobs who toil for 50-60 K per year (remember, this is
Re:Rich Get Richer (Score:2)
Probably because most of the gains in US employment have been in the white-collar "knowledge worker," while much of manufacturing has moved to countries where the wages are much more compatible with that type of work.
Face it, we aren't going to be seeing a big resurgence of that type of work. Retool, adapt, and figure out how to survive in a changing world.
Re: CIA (Score:2)
Well, they'd know. They've been diligently helping the rich for what, almost 60 years now?