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"The average NYC tech ecosystem hourly wage is $39.50 49% greater than the NYC median (AND 44% OF THOSE JOBS DO NOT REQUIRE A BACHELOR’S DEGREE.)" This seems li

"The average NYC tech ecosystem hourly wage is $39.50 49% greater than the NYC median (AND 44% OF THOSE JOBS DO NOT REQUIRE A BACHELOR’S DEGREE.)" This seems like a terrible abuse of statistics. The average wage of $39.50 may be 49% greater than the NYC median, but what is the median tech ecosystem hourly wage. It is probably lower than the average. Of those jobs that do not require a bachelor's degree, how many are actually held by people without a bachelors degree, and what is the average (or better yet median) wage for those without a bachelors degree.

candybar 13y ago
The average-median thing seems to be just a mistake by whoever wrote that summary. If you look at the full report, this is what they have: "Workers in the New York City tech ecosystem earn 49% more than the average City-wide hourly wage. The hourly wage for the tech ecosystem is $39.50, while the average City-wide wage is $26.50." Your other points are valid, of course. Edit: this is the full report and is quite a bit more informative than the summary: http://www.hraadvisors.com/wp-content/uploads/2014/03/NYC_Tech_Ecosystem_032614_WEB.pdf http://www.hraadvisors.com/wp-content/uploads/2014/03/NYC_Te... Edit2: no longer completely sure what they are talking about: "As of 2013, the average New York City median hourly wage was $26.50. Tech ecosystem jobs pay above the City-wide average. In fact, tech ecosystem workers are paid 49% more than the City-wide average of $26.50. In comparison to this average, tech workers in tech firms earn 75% more, tech workers in non-tech firms earn 51% more, and non-tech workers in tech firms earn 25% more." I suspect their "average" "median" income is median income by job category averaged together. With that said, it looks like they arrived at the tech average wage in a similar fashion.

candybar 13y ago

The average-median thing seems to be just a mistake by whoever wrote that summary. If you look at the full report, this is what they have: "Workers in the New York City tech ecosystem earn 49% more than the average City-wide hourly wage. The hourly wage for the tech ecosystem is $39.50, while the average City-wide wage is $26.50." Your other points are valid, of course. Edit: this is the full report and is quite a bit more informative than the summary: http://www.hraadvisors.com/wp-content/uploads/2014/03/NYC_Tech_Ecosystem_032614_WEB.pdf http://www.hraadvisors.com/wp-content/uploads/2014/03/NYC_Te... Edit2: no longer completely sure what they are talking about: "As of 2013, the average New York City median hourly wage was $26.50. Tech ecosystem jobs pay above the City-wide average. In fact, tech ecosystem workers are paid 49% more than the City-wide average of $26.50. In comparison to this average, tech workers in tech firms earn 75% more, tech workers in non-tech firms earn 51% more, and non-tech workers in tech firms earn 25% more." I suspect their "average" "median" income is median income by job category averaged together. With that said, it looks like they arrived at the tech average wage in a similar fashion.