By a curious twist of fate, I came across the information about salaries, overtime pay and bonuses for the public sector in the City by the Bay – San Francisco. The dataset included public employees of all ranks, from the Mayor to the janitor of the City Hall.
Without losing a single minute, I dug into the numbers. There is nothing more exciting than looking at the wages of others, especially when you can justify it by doing data science! 🙂
This dataset had the information not only about top executives’ wages but regular employees as well, including the low-level. This data show fundamental patterns in the income distribution which can be easily observed in real life. I would like to use this opportunity and invite all of you, couch economists, to explore an exciting world of impressive numbers and stingy statistics.
We will talk about average and median pay, Gini index for income inequality, rich/poor income ratio, Matthew Effect which describes large accumulating income gap, and career growth. Continue reading Public Sector Wage Distribution and Inequality in San Francisco