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Median salaries can't and don't show anything about inequality in salaries, though. If the salaries of the "top 10 percent continued to grow", while the "median
by salient 13y ago
Median salaries can't and don't show anything about inequality in salaries, though. If the salaries of the "top 10 percent continued to grow", while the "median salary" is roughly the same, then that means the salaries of the bottom 80-90 percent have dropped by a lot more since 1969, and there have been other charts showing this.
- deleted 13y ago[deleted]
- Sharlin 13y agoNo; all else being equal, the median salary stays exactly the same independent of how much the top 10 percent salaries grow. The mean salary is another matter entirely. An example: 1 2 4 6 7 8 9 ^ 1 2 4 6 7 1000 100000 ^ The median is 6 in both cases.