There is a reason median is used here… If you take into account the massive (and constantly growing) income gap, it’s obvious that things have gotten worse for the average American.
You’ve got it backwards, median takes into account income gap better. Mean would be much higher today because of the increasing income gap. That is why I used the median, so that interesting inequality would be less of a factor.
There is a reason median is used here… If you take into account the massive (and constantly growing) income gap, it’s obvious that things have gotten worse for the average American.
You’ve got it backwards, median takes into account income gap better. Mean would be much higher today because of the increasing income gap. That is why I used the median, so that interesting inequality would be less of a factor.