How do the rich earn their livings?
Here is an interesting paper that answers the question. Some highlights from Table 3 about the top 0.1 percent:
- 18 percent are financial professionals.
- 42 percent are executives, managers, or supervisors in nonfinancial businesses. More than half of those are in closely-held (presumably often small) businesses.
- 7 percent are lawyers.
- 6 percent are in medicine.
- 3 percent are in arts, media, or sports.
- Less than 1 percent are professors or scientists. :(
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