3 ms·
Median income of the total population or "the labor force" or of the "potential working age population"? With barely over 50% of the population working in most
by bretpiatt 4y ago
Median income of the total population or "the labor force" or of the "potential working age population"?
With barely over 50% of the population working in most countries [1] median based on population will be skewed too.
Then we have to agree on working age population.
Then we have to measure unmeasured income (ex. providing child care, teaching at a home school, preparing meals, cleaning, maintaining your own car, repairing or upgrading your residence, etc.) oe you lose all of this in the data.
The real challenge from my perspective is trying to boil down something as complex as a population into a single stat.
[1] https://en.m.wikipedia.org/wiki/Labor_force_in_the_United_States https://en.m.wikipedia.org/wiki/Labor_force_in_the_United_St...