Re:Amazon Camper Force
by josephjrobison on Sunday October 07, 2018 @08:58AM
(#18160340)
The US is hitting new record highs in median income: https://politicalcalculations.blogspot.com/2018/08/july-2018...
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Medians are a meaningless statistic in a country with such a massive gap between top and bottom earners.
The ratio of income bracket to income growth is literally a hockey stick graph: https://www.vox.com/policy-and-politics/2017/8/8/16112368/pi...
Re:Amazon Camper Force
by lotsofpulp on Sunday October 07, 2018 @10:00AM
(#18160561)
Median is better than mean though. Preferably, the people with the data would release median, mean, and quintiles or deciles, and the actual data itself for better analysis.
It's meaningful if you don't care about the top and bottom earners.
Not if there's no actual data points left in the middle.
Per person real income is even better:
https://www.minneapolisfed.org/publications/the-region/where...