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| cds, rap midis, dick cheney, barbara bush, tours, bigotry, makaveli 2, jeremy piven, un cabaret, gang related, khadafi, makaveli script, quotations, evocative names, | making $45K and the remaining 49.9% making $1M a year and your median is you guessed it, $45K. So median alone, and whether it moved doesn't actually show what you think it does. So your median would remain fixed at last years rate and the number of people who are making less money falls. One would also need other statistics as well such as the mean, mode, sit 'n spin stdev, etc. to properly characterize what has happened [ sit 'n spin ...reply just to this | comment on the story... | next sit 'n spin new ] 74. Re: More jobs... at Walmart by zyxwvutsr at Wed 31 Aug 5:31pmscore of 1 in reply to comment 62 ...income is not normally distributedObviously not. Nor is it bi-modal — it's actually fairly flat. Unfortunately, the Census Bureau doesn't summaries of the data the way we would need them to in order to settle the issue conclusively. |
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| [ ...reply just to this | cds comment on the story... cds | next new ] 62. Re: More jobs... at Walmart by Disgruntled Engineer cds at Wed 31 Aug 1:58pmscore of 1.5 scholarly in reply to comment 57 Actually you are not quite right. Medium income could remain the same as you note but one could still see a shift to lower paying jobs. The medium income is only the point where 50% of the jobs are below it and 50% above. It tells you nothing of the distributions shape, and income is not normally distributed. While this is surely not the case, hypothetically 50% of jobs that were below the medium income value could all fall from being some stratification between the minimum wage and last years medium to all being minimum wage jobs, with a large disproportionate spike at the lower end and no change to the median. Basically a bi-modal distribution. For example say the median salary is $45000. You could have 49.9% of the population making $18K per year, the next .2% |
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