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I don't disagree that most individuals aren't directly invested in the stock market. I'm specifically addressing your comment regarding median wage and unemplo
by esotericn 8y ago
I don't disagree that most individuals aren't directly invested in the stock market.
I'm specifically addressing your comment regarding median wage and unemployment - these figures are completely useless for anyone who isn't an economist (whether for professional reasons or otherwise).
It's vaguely useful to know that median wage hasn't doubled or that unemployment isn't at 50%, that's about it.
There is no possible metric that would be useful to an average, because the average person is in a bad situation, and any individual's best course of action is to aim to get out of that situation.