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This article includes a chart that compares NASDAQ's performance to the federal minimum wage on the same scale: https://api.profgalloway.com/wp-content/uploads/
by jefftk 7y ago
This article includes a chart that compares NASDAQ's performance to the federal minimum wage on the same scale: https://api.profgalloway.com/wp-content/uploads/2020/01/Chart-NasDAQ-Performance-vs.-Federal-Minimum-Wage-6.2020-01-03-13_15_01.gif https://api.profgalloway.com/wp-content/uploads/2020/01/Char...
Comparing relative changes is reasonable, but comparing $7.25 to NASDAQ 9,000 is nonsensical.
- sokoloff 7y agoThe same author calculates the "degree ROI" of higher education by dividing the first-year salary by the annual tuition so the overall mathematical rigor is, to use the article's terminology, unremarkable.
- ALittleLight 7y agoAnd the comparison over time is between the author's offered salary at graduation in 90 versus the median salary today.
- kevlawrence 7y agoThe point was to show the difference in rate of increase. Sure, he could have used two scales. I think the graph still gets the point across.
- Waterluvian 7y agoNo, it's an animated graph that changes scale. Shows how one is flat despite the other growing a lot.
- jefftk 7y agoThat would be the case if the author had made the two lines start at the same place on the graph. But instead the author has the minimum wage line shrink down with the scale as the NASDAQ line appears.
- anotheryou 7y agoit's a joke to make a point