David McWilliams: Why your boss earns so much more than you

Day of the clock-in clock-out salaryman is fading as earnings inequality grows unabated

 Apple chief executive Tim Cook: Apple has a 20% share of the smartphone market but captures as much as 92% of the industry’s operating profit. File photograph: Eric Luke

Apple chief executive Tim Cook: Apple has a 20% share of the smartphone market but captures as much as 92% of the industry’s operating profit. File photograph: Eric Luke

One of the most difficult questions for any parent is: “What should I do in the future?” When your child asks you what is a good job, can we honestly say we have any idea?

Many jobs that pay well now, such as the highly sought-after data analyst, didn’t exist 10 years ago. What hope have we, mere parents, of predicting the future jobs market? Things are changing so quickly, driven by technology. Consequently, even making a stab at what might be vogue in five years is highly speculative.

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