Average hourly wage growth has exceeded inflation for 12 straight months, according to new Bureau of Labor Statistics data released this morning. This real (or inflation-adjusted) wage growth is a key indicator of how well the average worker’s wage can improve their standard of living. As inflation continues to normalize, I’m optimistic more workers will…
If you use median, removing or not of 1000 people from a pool of millions indeed has zero impact. My guess is that they worded it like that because they assume people don’t knownwhat a median is, so they describe the practical effect
If you use median, removing or not of 1000 people from a pool of millions indeed has zero impact. My guess is that they worded it like that because they assume people don’t knownwhat a median is, so they describe the practical effect