4 ms·
The US is hitting new record highs in median income: https://politicalcalculations.blogspot.com/2018/08/july-2018-median-household-income.html?m=1 https://polit
by josephjrobison 8y ago
The US is hitting new record highs in median income: https://politicalcalculations.blogspot.com/2018/08/july-2018-median-household-income.html?m=1 https://politicalcalculations.blogspot.com/2018/08/july-2018...
- jarcane 8y agoMedians are a meaningless statistic in a country with such a massive gap between top and bottom earners. The ratio of income bracket to income growth is literally a hockey stick graph: https://www.vox.com/policy-and-politics/2017/8/8/16112368/piketty-saez-zucman-income-growth-inequality-stagnation-chart https://www.vox.com/policy-and-politics/2017/8/8/16112368/pi...
- lotsofpulp 8y agoMedian is better than mean though. Preferably, the people with the data would release median, mean, and quintiles or deciles, and the actual data itself for better analysis.
- tormeh 8y agoIt's meaningful if you don't care about the top and bottom earners.
- jarcane 8y agoNot if there's no actual data points left in the middle.
- malandrew 8y agoPer person real income is even better: https://www.minneapolisfed.org/publications/the-region/where-has-all-the-income-gone https://www.minneapolisfed.org/publications/the-region/where...