Infographic of the Week: Dangerous Jobs

Source: Fast Company

Source: Fast Company

In this featured infographic from Fast Company, a simple bivariate relationship between risk of death and higher pay is illustrated.   This phenomenon in economics is known as a compensating wage differential--the idea that people are paid more to compensate them for taking on the higher risk of their jobs.  Most people would prefer to get high pay for low risk--jobs illustrated in the upper left.   Similarly, unless you get incredible utility from risking your life, you would want to avoid jobs illustrated by dots on the lower right...high risk and low pay.

The full interactive graphic comes from Bloomberg and can be found here.