3 ms·
Average across the whole industry is pretty much meaningless, because it's skewed to unknown degree by outlying top management compensation. Averages for the sa
by pauljurczak 7y ago
Average across the whole industry is pretty much meaningless, because it's skewed to unknown degree by outlying top management compensation. Averages for the same profession in different industries, e.g. software engineer in financial sector vs. software engineer in FAANG or similar, make more sense to me.
- sjg007 7y agoObviously. But you could even argue that the averages are even since the outliers are similar. But yes, let's pontificate in specifics because that is fruitful.
- TheSpiceIsLife 7y agoAn average takes a whole lot of data and compresses it in to one number. Why not present more of the data so we can understand the specifics?
- pauljurczak 7y agothe outliers are similar We know very little about outliers. Assuming that they are similar may lead to grossly wrong conclusions.