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My point is that the 'average employee', as compared to the 'median employee', is probably distorted much less than 'average shareholder' compared to 'median sh
by ingleswood 5y ago
My point is that the 'average employee', as compared to the 'median employee', is probably distorted much less than 'average shareholder' compared to 'median shareholder'.
Therefore I don't agree with you that while the average employee might be richer than the average shareholder, the median employee might be poorer than the median shareholder. If the average employee is richer than the average shareholder (which I doubt), then the median employee is probably much, much more richer than the median shareholder.
- extra88 5y agoThanks for the clarification. Part of my thinking assumes Bezos himself counts as an Amazon employee so all by himself he heavily affects the difference between average and median employee (he might be the only billionaire employee, Andy Jassy is presumably one of the wealthiest employees and he's below $500m). Since Bezos is also a shareholder (I assume the largest individual shareholder), he also distorts that average. However, since I assume there are orders of magnitude more shareholders (through their stake in pension and retirement funds) than working for Amazon, all those additional data points smooths the difference out more.