this post was submitted on 26 Jan 2024
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I wonder what median wage is like. Average, which I assume is mean, would be greatly skewed by high wage earners since the lowest you can go is zero (if that even counts as a wage), but the highest you can go is much higher and far more people are closer to the lowest wage than the top.
Income inequality has risen above 1938 levels after a huge decrease after WW2.
That's wild! Plus the chart stops at 2010 and I'm sure it's much worse now.