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The US uses a median figure for per capita income statistics. So this increase isn't attributable to the top end. It is true that relatively more money has gon
by lucozade 8y ago
The US uses a median figure for per capita income statistics. So this increase isn't attributable to the top end.
It is true that relatively more money has gone to higher earners. As evidenced by the ratio of mean to median increasing over that time period.
I'm not really sure what you mean by a generic worker.
- jacobolus 8y ago> The US uses a median figure for per capita income statistics Do you have reference for this claim? That really wouldn’t make any sense. The appropriate technical term for median income is “median income”. “Per capita” always implies total divided by population, i.e. the mean. Here is the US Census’s definition: https://www.census.gov/quickfacts/fact/note/US/INC910217 https://www.census.gov/quickfacts/fact/note/US/INC910217 > Definition > Per capita income is the mean income computed for every man, woman, and child in a particular group including those living in group quarters. It is derived by dividing the aggregate income of a particular group by the total population in that group.