I just want to note that while housing prices are probably normally distributed, "minimum wage" is a "arbitrary" value that cuts of the long tail (effectively i

I just want to note that while housing prices are probably normally distributed, "minimum wage" is a "arbitrary" value that cuts of the long tail (effectively increasing average wages). As, per that definition, wages are now not normally distributed anymore it (statistically) does not even make sense to talk about average (i.e. mean) wages anymore. More anecdotally: I recently looked up mean and median wages in Germany. And what I found is that the median netto income (per employer) does not really differ from the netto income per household. I guess that means that the average German household only has one person working (while the other is probably taking care of potential kids).