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A comment on Make elites compete: Why the 1% earn so much and what to do about it. Parent comment

Re:Make elites compete: Why the 1% earn so much and what to ... by jedberg on Saturday March 26, 2016 @01:55AM (#11364635)
This report is about top 1% of income, not wealth.

To be in the top 1% nationally, you had to have earned $383,000 in 2015.

In some cities that number is as low as $175K, very doable for a doctor or dentist.

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Re:Make elites compete: Why the 1% earn so much and what to ... by alayne on Saturday March 26, 2016 @02:01AM (#11364650)
Yep and I don't think that is a good measurement.
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Re:Make elites compete: Why the 1% earn so much and what to ... by bsimpson on Saturday March 26, 2016 @02:20AM (#11364684)
Of course, some of that is cost of living, but a lot of it is the lack of diversity in the ratings.

I'm sure Elko, Nevada has some doctors, but probably not many investment bankers. With less representation from other well-remunerated occupations, a doctor in Elko is likely to be in the top 1%; however, a similar doctor in Manhattan probably isn't.

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Re:Make elites compete: Why the 1% earn so much and what to ... by sokoloff on Saturday March 26, 2016 @12:59PM (#11366374)
That $383K is very likely a household income (or tax return AGI, which is a close proxy for household) figure, not an individual income figure.
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Re:Make elites compete: Why the 1% earn so much and what to ... by jedberg on Saturday March 26, 2016 @07:34PM (#11368011)
Yes, it's household income, not individual.
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