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Timeline: The Future of Money

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For a larger version of this infographic, click here.
The Future of Money

Timeline: The Future of Money

For a larger version of this infographic, click here.

Predicting the future isn’t easy. For example, in 1977 it was predicted by Ken Olsen, a well-known tech entrepreneur at the time, that “There is no reason for any individual to have a computer in his home.”

It was not only an inaccurate prediction, but decades later the exact opposite has happened. Billions of computers now fit in our homes and our pockets. Even refrigerators, thermostats, and alarm clocks are armed with computers that connect to us as the Internet of Things grows exponentially.

As a result, we should take any forward-looking guesses with an open mind and a light heart.

In this visualization, Envisioning.io looks at the historical relationship between currencies and technology. The graphic also looks forward to the future of trade, where new applications of technology may change and expand the ways our financial system works.

Importantly, the visualization also makes the distinction between the different types of networks that encompass currency and trade. Centralized networks are where nodes connect through dense centres that support the connected few, such as governments and banks. Decentralized networks are where nodes connect in clusters under no centralized authority. These networks favour the selective individual and give rise to things such as stock markets. Lastly, there is the distinction of distributed networks, where network nodes connect independently. This is what has enabled bitcoin and cryptocurrencies, where the whole of the network is reinforced and supported.

There are several topics covered here that we have looked at in the past in much more depth. Most recently, we showed the opportunity in mobile and electronic payments, the evolution of US currency, and also how cryptocurrencies could disrupt the financial system. We’ve also covered precious metals in depth with our gold and silver series.

Original graphic by: Envisioning

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Technology

What is the Median Pay of Magnificent Seven Companies?

The Magnificent Seven companies are fueling stock market gains. In this graphic, we show the median pay of each company in 2023.

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This circle graphic shows the median pay of employees at the Magnificent Seven companies.

What is the Median Pay of Magnificent Seven Companies?

This was originally posted on our Voronoi app. Download the app for free on iOS or Android and discover incredible data-driven charts from a variety of trusted sources.

The Magnificent Seven are lifting the stock market to new highs, led by Nvidia, Microsoft, Apple, and Alphabet in particular.

In May alone, these tech giants added $1.4 trillion in market capitalization to the S&P 500—surpassing the combined gains of 296 other stocks during the same period. Notably, Nvidia contributed to more than half of this rise. As tech stocks boom, many are offering robust salaries with substantial stock option plans.

This graphic shows the median pay of the Magnificent Seven companies in 2023, based on analysis from The Wall Street Journal and MyLogIQ.

The Highest Paying Companies in the Magnificent Seven

Below, we show the median employee pay of the Magnificent Seven companies in 2023:

CompanyMedian Employee Pay
2023
CEO Total Pay
2023
Meta$379,050$24.4M
Alphabet$315,531$8.8M
Nvidia$266,939$34.2M
Microsoft$193,770$48.5M
Apple$94,118$63.2M
Tesla$45,811$0M
Amazon$36,274$1.4M

Data for Microsoft is from SEC filings. Total CEO pay includes equity awards and cash pay.

Meta ranks as the highest overall, with a median pay of $379,050, which is more than six times the national median salary.

Not only is it the leading company in the Magnificent Seven, it has one of the highest median pay across S&P 500 companies. Between 2022 and 2023, employee pay increased 28%, following four rounds of layoffs that slashed thousands of employees in its “year of efficiency”.

Following Meta is Google’s parent company, Alphabet, with a median pay of $315,531. The company operates a hybrid work policy, requiring employees to be in the office about three days a week. This mirrors a trend seen across Amazon and Salesforce to encourage in-person collaboration.

At Nvidia, employees received a median pay of $266,939, fueled by its soaring share price. Last year, over $300 million in value was delivered to its staff under its employee stock purchase plan. Along with a competitive pay package, the company offers an unlimited vacation policy along with 22-weeks of paid parental leave.

Falling near the bottom of the pack is Tesla, where the median salary for employees is $45,811. The automotive sector is notorious for steep wage gaps between CEOs and workers, with CEOs often earning 300 times more than the median employee.

In 2023, Tesla CEO Elon Musk earned no compensation, and is instead paid through incentive-based stock options. Recently, a judge invalidated a staggering $56 billion pay package for the executive, deeming it unfair to the company’s shareholders. This pay package was awarded in 2018, with stipulations that Tesla meet certain performance requirements over a 10-year timeframe.

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