Re:America's 1% Has Taken $50T From the Bottom 90%
by ajmadesc on Thursday February 11, 2021 @04:26PM
(#26107491)
Analyses like this show why we need to teach statistics in place of calculus in high school.
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Re:America's 1% Has Taken $50T From the Bottom 90%
by leetcrew on Thursday February 11, 2021 @04:48PM
(#26107806)
not really. the key mistake here is treating gdp is a proxy for wages when there is no direct connection between the two. in a pathological case, you could have a $1T GDP and have zero wages paid. the question of whether mean or median figures are more appropriate when talking about wages (what I assume you are alluding to with your statistics quip) is a side issue. no amount of statistics knowledge will help someone who insists on comparing apples to oranges.