Median income is only rising because these CEOs are paying themselves more than ever.
Replies
That raises average income, not the median.
aug 30, 2025, 5:45 pm • 4 0 • view
Could it not raise both?
aug 30, 2025, 5:53 pm • 0 0 • view
Nope. Half of all households are at or below the median income. Musk earning more doesn’t change that half-way point.
aug 30, 2025, 5:54 pm • 1 0 • view
That’s why median is a better measure of income distribution
aug 30, 2025, 5:56 pm • 3 0 • view
Interesting. I get why median would be a better measure of distribution, but I had (perhaps mistakenly) thought if c-suite execs across the border were being paid more (they are) that would also raise the median. Thanks! Much more of a words gal. Numbers give me hives. 🙃
aug 30, 2025, 6:08 pm • 1 0 • view
An example to keep in your back pocket: patrons in a small bar have an average and median net wealth of $10,000. (Half of them have $10,000 or less). Musk and a Buddhist monk walk into the bar. The average wealth is now in the billions, but the median is still $10,000.
aug 30, 2025, 7:30 pm • 1 0 • view
Appreciate ya, Jim!!
aug 30, 2025, 9:05 pm • 1 0 • view