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> 48% of wager earners had net compensation less than or equal to the median wage I'm surprised. I expected that 50% of wage earners would make less or equal to the median wage. If for no other reason than the definition of median.
Earlier quoted context omitted.
Students and minors don't make up anywhere near half of the working population, though.
24% of the U.S. population is under the age of 18. If you include those that are in college, disabled, and retired then you are now at roughly 1/3 of the population. Based on the statististics provided in the article that would mean 75% of the population make above $30k.
We're talking about the US workforce, not the whole population.
> 48% of wager earners had net compensation less than or equal to the median wage I'm surprised. I expected that 50% of wage earners would make less or equal to the median wage. If for no other reason than the definition of median.
The greatest trick the 1% in America has ever accomplished is convincing people who make $30/hour that scary foreigners and people who want to raise their minimum wage to above-poverty levels are a threat to their way of life.
Treat and solve it as a systems issue. Attributing maligned motives to small discretized sets of people doesn't solve problems.
> 48% of wager earners had net compensation less than or equal to the median wage I'm surprised. I expected that 50% of wage earners would make less or equal to the median wage. If for no other reason than the definition of median.
>There is one important caveat to keep in mind when thinking about our dataset. The SSA numbers include any wage earners whatsoever, even part-time workers like students and teenagers. not leading with this feels like poor reporting
Students and minors don't make up anywhere near half of the working population, though.
I see absolutely nothing wrong with this statistic. The article is sensationalist and misleading. I'm going to guess the person who wrote it is making 30k, for lack of marketable skills and being a liar.
I eyeballed all the numbers from here https://www.thebalancecareers.com/average-salary-information...
https://www.census.gov/prod/cen2010/briefs/c2010br-03.pdf
https://www.bls.gov/emp/tables/civilian-labor-force-particip...
The greatest trick the 1% in America has ever accomplished is convincing people who make $30/hour that scary foreigners and people who want to raise their minimum wage to above-poverty levels are a threat to their way of life.
The 1% aren't some clandestine group who trick people. Reality is just a highly complex set of different distributions of people interacting with each other, economic structure, government, and culture. Treat and solve it as a systems issue. Attributing maligned motives to small discretized sets of people doesn't solve problems.