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The median wage gives you a picture that is closer to the real value than just anecdotes. For most people on Earth, there has been a great increase in living st
by Bakary 6y ago
The median wage gives you a picture that is closer to the real value than just anecdotes. For most people on Earth, there has been a great increase in living standards. It just so happens that much of it took place outside of the West.
- tjr225 6y agoIt sounded like the gp was referring to median wages in the US.
- Bakary 6y agoMy bad. In any case, the principle still stands. Looking up some stats I get a figure of 0.17% of the population being homeless. A tragedy to be sure, but a tiny fraction of the whole. In other words, it makes more sense to look at the median wage than what you see in a given city as a single individual going on about their day, if your goal is to get a feel for the situation.