Re:A look beyond the Twitter IPO finds rot beneath the gloss...
by mikeash on Sunday November 10, 2013 @12:22PM
(#6707373)
I think it's even more skewed than that. Growth that occurs among wealthier people has a disproportionate impact on the average, too.
For example, if the top 10% of people have half the stuff, then just 20% growth among the top 10% and 0% growth among the rest will give you an average of 10%.
On the other hand, if the bottom 90% experience 5% growth and the top 10% experience none, it looks like an average of merely 2.5%.
For example, if the top 10% of people have half the stuff, then just 20% growth among the top 10% and 0% growth among the rest will give you an average of 10%.
On the other hand, if the bottom 90% experience 5% growth and the top 10% experience none, it looks like an average of merely 2.5%.