Race Against The Machine

I just finished reading the Kindle book Race Against The Machine, a book I thoroughly recommend. This was the driver of the NPR article I blogged about recently.
The book is mostly oriented towards the US, although the issues they discuss seem to be prevalent across all major economies. The authors make the case that technological improvements are severely impacting every job market except those for highly-skilled individuals.

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Global Wealth

Interesting post here summarising Credit Suisse’s Global Wealth Report. Basically to be in the top 1% of the global wealthy, you need to have $712,000 USD in net assets. To be in the top 10%, you need to have over $82,000 in net assets.

One percent of 7 billion is 70 million. So basically there are 70 million people in the world with $712,000 USD or more in net assets.
[EDIT] Actually, having just read the report, the results are expressed in terms of the global population of adults, 4.5 billion in 2011.