4 ms·
The article explains that although the median household income of Asian Americans is higher than the national median, the variance of the salary distribution is
by commoner 4y ago
The article explains that although the median household income of Asian Americans is higher than the national median, the variance of the salary distribution is also higher. When considered with the first myth in the article ("Myth: Asian Americans are a single monolithic group"), the point is that Asian Americans as a whole are not necessarily doing better than other racial groups because the median is not the only relevant measure of household income and education.
> These economic disparities are partially driven by similar disparities in education levels among Asian Americans. The highest-earning groups — Indian American and Taiwanese American households — also have the highest levels of education, while the lowest-earning groups have comparatively lower levels of education.
> In fact, a 2018 Pew Research Center study found that Asian Americans were the most economically divided racial or ethnic group in the U.S., with Asian Americans in the top 10th of the income distribution making 10.7 times more than those in the bottom 10th.