Editing 980: Money
Warning: You are not logged in. Your IP address will be publicly visible if you make any edits. If you log in or create an account, your edits will be attributed to your username, along with other benefits.
The edit can be undone.
Please check the comparison below to verify that this is what you want to do, and then save the changes below to finish undoing the edit.
Latest revision | Your text | ||
Line 6: | Line 6: | ||
| titletext = There, I showed you it. | | titletext = There, I showed you it. | ||
}} | }} | ||
− | + | As usual, click the date above the comic to go to the xkcd page, and there is a link to the ''much'' larger image. The full image is here: [http://imgs.xkcd.com/comics/money_huge.png PNG (12528x8352 pixels)]. | |
− | |||
==Explanation== | ==Explanation== | ||
− | {{ | + | {{Incomplete|Incomplete. The transcript also has to be fixed.}} |
+ | This is another [[:Category:Charts|chart]] comic - a type of comic that [[Randall]] does from time to time. He has for instance done [[Online Communities|maps of the Internet]] ([[Online Communities 2|twice]]!) and other huge visualizations like this chart for [http://xkcd.com/radiation/ radiation] with a similar structure as this chart where money is the subject. | ||
− | + | In the chart there are five boxes with items on different scales of monetary value. Each scale of dollar increments are different colors. One dollar increments are green - naturally, because American paper money is green. Thousands are Orange/Red. Millions are gray. Billions are yellow. Trillions are blue. This comic uses {{w|Long and short scales|the short scale}} for naming large numbers (so a billion = 1000 millions = 10^9 rather than a million millions = 10^12 as in continental Europe). | |
− | In | + | In the Billions box there is a vague term called the "Economic Vortex" as well as arrows that flow between different blocks of this box. This is to show where the money goes. Where it is collected from, and where it is distributed to. |
− | + | The title text is a reference to the phrase "Show me the money!" which originates from the film ''{{w|Jerry Maguire}}''. | |
+ | |||
+ | ;Dollars | ||
+ | *Middle-left: Pet Ownership. The {{w|ASPCA}} is the American Society for the Prevention of Cruelty to Animals. | ||
+ | *Bottom-right: Four boxes indicate that the CEO pay has skyrocketed from $490.31 (hourly) to $5,419.97 (hourly) in the same time period in which the average worker's salary has skyrocketed 10 cents. | ||
+ | |||
+ | ;Thousands | ||
+ | *Top-right: Hogwarts degree: a reference to {{w|Hogwarts|Hogwarts School of Witchcraft and Wizardy}} from the popular book series by {{w|J.K. Rowling}} about {{w|Harry Potter}}. One box is the estimated yearly tuition for the school and the next is how much seven years at the school would cost. To get a degree at the school, it takes 7 years (starting at age 11, ending at age 18). | ||
+ | *Bottom: A reference to the song by {{w|Bare Naked Ladies}} entitled "{{w|If I Had $1000000}}" and all the things referenced in the song to buy the love of another person. | ||
+ | *Bottom: A few items on the marriage of {{w|Wedding of Prince William and Catherine Middleton|Kate Middleton and Prince William}}, the major royal wedding of 2011, including: | ||
+ | **a {{w|Wedding dress of Kate Middleton|wedding dress with its own Wikipedia page}} of 3 times the annual per capita income of the average UK person, | ||
+ | **an 8-tier [http://www.dailymail.co.uk/news/article-1381944/Royal-Wedding-cake-Kate-Middleton-requested-8-tiers-decorated-900-flowers.html wedding cake], | ||
+ | **and the flowers for the wedding. These re-appear in the Millions section of the graph, where they also list the costs for the security around the event ($20 million). | ||
+ | |||
+ | ;Millions | ||
+ | *Middle-right: another reference to JK Rowling, in this case it is {{w|MC Front-A-Lot}} (The creator of the subgenre of {{w|hip-hop}} known as "{{w|Nerd Core}}") who estimated her net worth at $1 billion. But, that begs the question, why do the boxes only add up to $82,000? | ||
+ | |||
+ | ;Billions | ||
+ | *Top-Left: Billionaires section: Fictional Billionaires sub-section: | ||
+ | **{{w|Carlisle Cullen}} is from the {{w|Twilight (series)|Twilight Series}} of books and movies. He is a vampire and adoptive father of {{w|Edward Cullen|Edward}}, {{w|Emmett Cullen|Emmett}} and {{w|Alice Cullen (Twilight)|Alice Cullen}}, as well as {{w|Rosalie Hale|Rosalie}} and {{w|Jasper Hale}}. He was born in the 1640s and amassed his wealth through many years of compound interest and investments. | ||
+ | **{{w|Scrooge McDuck}} is a cartoon character from many {{w|Disney}} properties including the afternoon cartoon, {{w|Duck Tales}}. Scrooge McDuck has a "money bin" full of coins and other sorts of collectibles that he routinely [http://www.youtube.com/watch?v=CMU2NwaaXEA goes swimming in]. | ||
+ | **{{w|Bruce Wayne}} is {{w|Batman}}. {{w|Batman}} is {{w|Bruce Wayne}}. He is portrayed in many comic books, graphic novels, TV shows and movies by many different actors. | ||
+ | **{{w|Artemis Fowl II|Artemis Fowl}} is an Irish child prodigy and a ruthless master criminal from the {{w|Artemis Fowl (series)|eponymous book series}}. He uses his intelligence to build his family fortune through crime. | ||
+ | |||
+ | ;Trillions | ||
+ | As Randall already indicated in the transcript, this is the block for world, continent and nation finances. The numbers are really huge. | ||
+ | There are no jokes in here (apart from the fact that Randall tried to make the shapes of the GDP look like the continent), likely because financial values this large aren't funny to start with. | ||
+ | *GDP is {{w|Gross domestic product}}, the market value of all goods and services produced in a nation. | ||
+ | **The major chart in the center shows the development of the GDP in the world since the 1940s. So far the US GDP has always grown, except for a small reduction in the early 1980s, a flat line around the 1991 global recession and a flat line in the second half of the naughts. The world-wide GDP is growing more rapidly, but is also much more volatile. | ||
+ | *In the middle of the box, it shows the worth of all gold ever mined in 2011 prices. This is important because of the concept of the {{w|Gold standard}}, a concept where monetary values are linked to the value of gold. As indicated in the top-right of the box, both the EU and the USA have more debt than the total value of all gold in the world. | ||
+ | *{{w|Derivatives}} are a complex financial instrument where one is not trading in something tangible, but in derived values - like options. Derivatives thus are dangerous as one trades in concepts instead of values. Critics claim that derivatives are at the base of the 'economic bubble'. | ||
+ | **The growth of the derivatives market size is incredible - more than doubling every four years. The derivatives market thus is much larger than the GDP of the entire world. | ||
+ | |||
+ | ==Transcript== | ||
+ | {{incomplete transcript}} | ||
+ | :[This transcription was only reproducing text visible on the front page comic - more is being added now - but it will take time to complete. Feel free to help] | ||
+ | |||
+ | ===Money=== | ||
+ | :[Title panel at the top left] | ||
+ | :A chart of almost all of it, where it is, and what it can do | ||
− | + | :[There are 5 large panels below the title panel, each with a series of plots, comparing the values of various things. Each large panel is covered in colored squares, and each single square represents a power of ten (10^(3*n) for n = 0, 1, 2, 3, 4), be it single dollars, thousands of dollars, or even trillions of dollars.] | |
− | === | + | ===Dollars=== |
− | + | Finished 2014-06-07 | |
− | + | :[This section is right below the title panel at the top left - it covers the price of a single coffees up to the hourly salaries of CEOs.] | |
− | |||
− | + | :[There is a box with a note next to the title:] | |
− | + | :Important notes: | |
− | + | ::This chart is entirely in 2011 dollars. | |
− | + | ::Every value associated with a year before 2011 was adjusted for inflation using the consumer Price Index. | |
− | + | ::Nearly every amount has a cited source - when possible, | |
− | + | ::a scholarly work or government publication. A list of | |
− | + | ::sources is available at http://xkcd.com/980/sources/ | |
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | + | :[The rest of this panel shows how much the individual items values compare to a single dollar. Next to each price in dollar will be drawn a number of green squares equal to this amount - so for the 1 dollar bill there is 1 square, and for the 1000 dollar bill 1000 squares. Many of the items have been grouped in small or large groups. Below all these groups are listed from top left to bottom right, and within the groups the individual items are listed similarly but also in columns. If there is a heading for a group this will be highlighted - in either case - after the first line in a group the rest of the items are indented.] | |
− | + | :$1 bill | |
− | + | ::$10 bill | |
− | + | ::Apples (one dozen) $5.68 | |
− | + | ::Dollar Menu item $1.00 | |
− | + | ::Daily interest on average credit card debt ($9,840) $5.63 | |
− | + | ::Starbucks Coffee $2.00 | |
− | + | :Average single US restaurant meal $35.65 | |
− | + | ::Average meal at the 20 costliest San Francisco restaurants $85.27 | |
− | + | ;Game consoles | |
− | + | ::PS3 $250 | |
− | + | ::Xbox 360 $200 | |
− | + | ::Wii $150 | |
− | + | ;Dinner for four | |
− | + | ::(Lighter blocks show value of time required using median US wage of $16.27/hour) | |
− | + | ::Homemade rice and pinto beans $9.26 (With time cost of two hours of shopping, travel, prep and cleanup: $41.80) | |
− | + | ::Homemade chicken dinner $13.78 (With time cost of two hours of shopping, travel, prep and cleanup: $46.32) | |
+ | ::McDonals $27.89 (With time cost of 30 minutes travel: $36.03) | ||
+ | ::Arby’s $34.00 (With time cost of 30 minutes travel: $42.13) | ||
+ | ::Chili’s $69.64 (With time cost of 30 minutes travel: $77.78) | ||
+ | ::Outback Steakhouse $109.82 (With time cost of 30 minutes travel: $117.96) | ||
+ | :Loose change value per pound $12.80 | ||
+ | ::Loose change with no quarters $5.40 | ||
+ | ::Annual value of pennies received in change (at one daily cash purchase) $7.30 | ||
+ | ::Loose change with no pennies $17.40 | ||
+ | ;Median household daily income $136.28 | ||
+ | ::Taxes $32.16 | ||
+ | ::After-tax $104.12 | ||
+ | :$1000 bill (Grover Cleveland, discontinued) | ||
+ | ::$500 bill (William McKinley, discontinued) | ||
+ | :Paperback book $6.80 | ||
+ | ::Hardcover book $32.27 | ||
+ | ::Audio book $50.42 | ||
+ | ::Kindle $79.00 | ||
+ | ::New video game $49.99 | ||
+ | ::Traditional cell phone average monthly fee $77.36 | ||
+ | ::Smartphone average monthly fee $110.30 | ||
+ | ::Kindle keyboard + 3G $139 | ||
+ | :One-gallon jug of loose change $270 | ||
+ | ;Pet ownership | ||
+ | ::ASPCA estiamtes | ||
+ | ::Annual cost of rabbit ownership $730 | ||
+ | ::Annual cost of dog ownership $695 | ||
+ | ::Annual cost of cat ownership $670 | ||
+ | ::Annual cost of fish ownership $35 | ||
+ | ::Annual cost of bird ownership $200 | ||
+ | ::Annual cost of small mammal ownership $300 | ||
+ | :Kindle Fire $199 | ||
+ | ::Men’s suit $400 | ||
+ | ::Low-end bicycle $190 | ||
+ | ::Basic iPad $499 | ||
+ | ::iPad+3G+ a year of data $869 | ||
+ | ::Basic Macbook Air $999 | ||
+ | ::Netbook $249.99 | ||
+ | ::iPod Nano $129 | ||
+ | ::Mac Mini $599 | ||
+ | ::Comcast cable internet for a year ($5.99/month) $719.88 | ||
+ | :Traditional cell phone average annual bill $928.30 | ||
+ | ::Smartphone average annual bill $1,320 | ||
+ | ;Worker/CEO comparison | ||
+ | ::1965 production worker average hourly wage $19.61 | ||
+ | ::2007 production worker average hourly wage $19.71 | ||
+ | ::Typical 1965 CEO pay for the same period $490.31 | ||
+ | ::Typical 2007 CEO pay for the same period $5419.97 | ||
− | ==== | + | ===Thousands=== |
− | + | :[This section discusses values from around $1000 to $1,000,000, including a dissection of the song ''If I had $1000000.''] | |
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | === | + | ===Millions=== |
− | + | :[This section focuses on $1,000,000 to $1,000,000,000, with a large section on campaign contributions of American political presidential campaigns, values of expensive works of art, and J. K. Rowling.] | |
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | === | + | ===Billions=== |
− | + | :[This section gets into larger scale finances, profits of various sectors, costs of natural disasters, and net worth of the richest people on the planet. Also, Donald Trump.] | |
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | == | + | ===Trillions=== |
− | :[ | + | :[Global financial status is described here. It discusses derivatives, liquid assets, public debt by nation and GDP by continent, culminating with the total economic production of the human race to date.] |
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
==Trivia== | ==Trivia== | ||
− | * xkcd usually | + | *xkcd comics are usually posted at, or around, midnight Eastern time the day of the comic (Monday, Wednesday, Friday). This one was posted at about noon on Monday |
− | * | + | *Each amount has a source at http://xkcd.com/980/sources/ In the dollars section there is a statement that at every possible opportunity Randall used a scholarly work or government publication. |
− | |||
− | |||
{{comic discussion}} | {{comic discussion}} | ||
− | |||
[[Category:Comics with color]] | [[Category:Comics with color]] | ||
[[Category:Large drawings]] | [[Category:Large drawings]] | ||
[[Category:Charts]] | [[Category:Charts]] | ||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− | |||
− |