The 80/20 rule

Today, many people have obsolete skills, they are being replaced by people with better and more appropriate skills that are in higher demand. Research found at the University of Chicago was that the average income of people in the bottom 80 percent increase at about 3 percent per year, just equal to or lightly ached of the rate of inflation.

The income of people in the top 20 percent were increasing at an average of 11 percent per year, enabling them to double their income every six or seven years and move into the upper middle class or even the wealthy classes over the course of their working lifetimes.

What was the major difference between the 20 percent and the 80 percent? It was the commitment to continuous learning and upgrading of skills. People in the top 20 percent bought all the books, attending all the courses, listened to all of the audio programs and continually sought ways to do their jobs better, cheaper and faster.