3 ms·
> A better metric would be tracking the median or quartile values A better for what purpose? You comment seems to imply a bias towards celebrating only some pe
by maerF0x0 6y ago
> A better metric would be tracking the median or quartile values
A better for what purpose? You comment seems to imply a bias towards celebrating only some people's wins.
- mtgx 6y agoActually yours does. The numbers are raised by billionaires as opposed to the median numbers.
- StanislavPetrov 6y ago>A better for what purpose? For the purpose of accuracy in communication. Speaking in terms of "household net worth" implies that you are referring to the net worth of individual U.S. households, not the net worth of the entire country taken as an aggregate. This is especially true when the net worth of most U.S. households has been stagnant or lower for almost 40 years while the net worth of the wealthy has exploded. https://mises.org/wire/median-household-wealth-america-going-nowhere https://mises.org/wire/median-household-wealth-america-going...
- michaelmrose 6y agoIts a bias against celebrating the minorities wins by averaging and talking about everyone's wins.