A. The economy is not zero sum. Lebron James making lots of money doesn't take anything away from you. B. Median: the value separating the higher half from the

A. The economy is not zero sum. Lebron James making lots of money doesn't take anything away from you. B. Median: the value separating the higher half from the lower half of a data sample, a population, or a probability distribution. It's not an average, there are no outliers dragging the median up. It's just an ordered listing and then looking at the one in the middle and seeing how much they make per year. If you removed all the billionaires and their income from the chart it wouldn't change the median income at all because the position of the median would only move 350 places. If you took away the top ten percent the median position would shift to the left 5% and the median annual income decreases a few thousand dollars per year. But in no way is the typical American living in poverty and desperation. (Turns out that only 11% of the US live in poverty.)