Incredible xkcd Money Chart

xkcd.com

53 points·krogsgard··8 comments

Two hours shopping and prep for a dinner of pinto beans and rice? The smallest bag of rice at the grocery store should suffice for a couple of meals for four, and while you're at it, why not throw in a second bag of beans. And if you are counting in the cooking time as continuous, why not also the overnight soaking of the beans? That should make Outback Steakhouse much more economical.

I cannot begin to imagine the intensive research that went into this infographic, and props to Randall for the work.

But for the life of me, navigating this thing in tile form is beyond me.

Can someone explain http://screencast.com/t/CFzp8f8Dx9 this section to me? I assume it was supposed to be "Typical 1965 CEO pay for the same period" on the left and "Typical 2007 CEO pay for the same period" on the right, but I also might just not be grasping the point.

I imagine the comparison is supposed to be based on adjusted for inflation wages, 1965 to 2007.

This article has similar numbers: http://www.kyklosproductions.com/articles/wages.html

Also includes this quote. "As one source has put it, "in 2000 a CEO earned more in one workday (there are 260 in a year) than what the average worker earned in 52 weeks. In 1965, by contrast, it took a CEO two weeks to earn a worker's annual pay"."

It says “for the same period” because CEOs don’t get paid hourly wages (the figures for production workers are labeled “average hourly wages”), so this is presumably something like typical annual CEO compensation divided by typical number of hours a CEO works.