Hacker News new | ask | show | jobs
by jarcane 2855 days ago
Medians are a meaningless statistic in a country with such a massive gap between top and bottom earners.

The ratio of income bracket to income growth is literally a hockey stick graph: https://www.vox.com/policy-and-politics/2017/8/8/16112368/pi...

2 comments

Median is better than mean though. Preferably, the people with the data would release median, mean, and quintiles or deciles, and the actual data itself for better analysis.
It's meaningful if you don't care about the top and bottom earners.
Not if there's no actual data points left in the middle.