3 ms·
In an economic sense, using average is a way of obfuscating inequality. Average salary, for example, includes every salaried employee, such as the multi-million
by dsq 4y ago
In an economic sense, using average is a way of obfuscating inequality. Average salary, for example, includes every salaried employee, such as the multi-million dollar a year senior executive, thus giving the mistaken impression that 'regular' salary is higher than it actually is. Median avoids these illusions.