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I think median statistics would enhance the insight available through this tool. Averages are not particularly useful when confounded by the very shifting dist
by twoodfin 9y ago
I think median statistics would enhance the insight available through this tool.
Averages are not particularly useful when confounded by the very shifting distributional patterns this is attempting to illuminate.
I'm the median Chinese worker. Per-adult national wealth has been exploding since 1987. The bottom 50% share of wealth and income has been plummeting, so inequality has been growing, too. But I'm a lot better off than my counterpart 30 years ago, aren't I?
- boomboomsubban 9y agoDo you feel the growing inequality was necessary for the growth to occur? If that growth slows down or stops, will you continue to be better than your counterpart thirty years ago?
- twoodfin 9y agoI don't know. I'm certainly in favor of median income growth even if it's concurrent with growing inequality!