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This bugs me so I have to point it out: His income numbers use average instead of median. I can't find the exact numbers, but eyeballing it -- it looks as thou
by showerst 15y ago
This bugs me so I have to point it out:
His income numbers use average instead of median. I can't find the exact numbers, but eyeballing it -- it looks as though he's quoting the household income numbers instead of the individual numbers.
You nearly always use median for incomes, otherwise Bill Gates can walk into a room and the average income goes into the hundreds of millions.
Someone discussing the value of college education in America should be educated in the skills to evaluate it, and, fairly or not, it really calls into question the validity of rest of the article for me.