Monday, January 2, 2012

Observations on Income

The above is a plot of per capita income by state, including DC. Talk of income disparity, look at DC, it is well above $70,000 per capita making it over $200,000 per HH! The now infamous 1%. Now one wonders why DC is worth this when at the bottom is Mississippi at $30,000 and near the bottom the next door state of West Virginia.

The above is the annualized rate of change averaged over ten years. Note again DC is well above 9% pa! Michigan is below 3%. The rate of income gap change with those growth rates is fantastic. Again the creation of the 1%.

Finally a year by year snapshot of the change, and again DC comes out ahead. Is there something wrong with this picture.