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$16,000 / 365 = $44 / day. And wealth and income are non-linear [1], so 70% of the population could easily be below the mean. [1] citation needed
by pcl 9y ago
$16,000 / 365 = $44 / day. And wealth and income are non-linear [1], so 70% of the population could easily be below the mean.
[1] citation needed
- candiodari 9y agoYou can't calculate it like that. That's total revenue, not the amount paid out to employees. That number can only be said to be strictly higher than average daily wage. But probably at the very least 50% higher than average wages.