Monday, November 12, 2007

Dollars per Second for High-Earning Americans

. Monday, November 12, 2007

According to Ken Rogoff, "The latest Forbes list of America’s wealthiest individuals showed that last year’s highest nine earners, whose ranks include New York City’s mayor, Michael Bloomberg, managed to increase their wealth by $5-9 billion last year. Yes, that is just the annual increase in their wealth. Collectively, their $55 billion in earnings outstripped the entire national income of more than 100 countries. To put these astronomical numbers in perspective, ... to be among the top nine earners in the United States, you had to pull in at least $150 per second , including time spent eating and sleeping. That is $9,000 per minute, or $540,000 per hour."

(hat tip to Greg Manikw)

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Dollars per Second for High-Earning Americans
 
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