"According to economist Glen Weyl, the average salary of a top-25 hedge fund manager is more than that of all teachers in the Chicago school district combined."
-as excerpted from here
The brain asks, "Could this possibly be true?" The Oracle Google was consulted. The Chicago Public School system employed 22,519 teachers for the 2013-14 year (total employees of CPS, same year, = 41,579). Since the average pay for a Chicago Public School teacher is a bit more that $71,000, that would mean, for the above quote to be true, that the average salary of a top-25 hedge fund manager was $1,598,849,000. Seems difficult to believe. Yet, a few more clicks on Google and we find this, In total, the 25 highest-earning hedge fund managers and traders made $24.3 billion in 2013. So, in conclusion, it is not beyond the realm of possibility that in 2014 your basic top-tier successful hedge fund manager made more money than all of the teachers in the Chicago Public School system combined. Holy career choices, Batman. Hope he/she created a ginormous amount of value.
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