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crymer11 | 4 years ago

Average hourly wages have, but what about the median?

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lotsofpulp|4 years ago

I do not understand why averages are so often used rather than deciles or even quintiles.

Clubber|4 years ago

Not always, but a lot of times people pick the number that supports their conclusion. For example, worker pay. If you want to make it seem higher, include the executives and do a mean average. Life expectancy works the same way. It's not that adults typically died at age 30, it's the number is a mean and includes child deaths which was a lot at the time. If you have 4 people, 2 are 60 and 2 died at birth, the mean age is 30. (60 + 60 + 0 + 0) / 4 = life expectancy of 30.

rory|4 years ago

Sidenote-- is average === mean the standard lexicon now?

When I was in grade school we learned that average was a generic term for mean, median, or mode. So when I see average conflated with median in discussion (as it often is), I assume it's intentional. But others seem to interpret it as a synonym of mean.

MontyCarloHall|4 years ago

Average vs. median have grown fairly proportionally since 2000 [0]. Note, this chart is adjusted for inflation.

[0] https://s3-us-west-2.amazonaws.com/gs-live/uploads%2F1527022...

tedheath123|4 years ago

Would it be fair to say that this chart shows real US median incomes to be stagnant since the late 80s?