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> Americans already the second highest incomes in the world [1], I would like to see this broken down by decile over time; I suspect that doing so would show
by pjmorris 3y ago
> Americans already the second highest incomes in the world [1],
I would like to see this broken down by decile over time; I suspect that doing so would show a shift favoring higher income deciles and disfavoring lower income deciles. If Bill Gates eats at a restaurant, the median net worth of the restaurant's customers makes them billionaires. But that doesn't mean they are all that well off. The same is true for income and for the US population.
- Aunche 3y agoYou're thinking of the mean. The median is the 50th percentile.