3 ms·
Use of the median rather than the mean is extremely misleading here – wage increases have been concentrated in the top 10% of wage earners. A more representati
by NoGravitas 7y ago
Use of the median rather than the mean is extremely misleading here – wage increases have been concentrated in the top 10% of wage earners.
A more representative view of the same data is shown here: https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us-workers-real-wages-have-barely-budged-for-decades/ https://www.pewresearch.org/fact-tank/2018/08/07/for-most-us...
- pavpanchekha 7y agoMedian means what the 50th percentile earns; mean is the total earned divided by the number of earners. In right-skewed distributions (like wage data) the median is less than the mean. In other words, your critique is already answered by the parent.