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Averages are not relevant for something as skewed as income distribution. As the Gino coefficient rises the average is increasingly dominated by a minority. The
by blululu 6y ago
Averages are not relevant for something as skewed as income distribution. As the Gino coefficient rises the average is increasingly dominated by a minority.
The OP is most likely talking about wages for jobs that actually pay by the hour, which have gone down along with the minimum wage from its 1968 peak.