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Jim Mayfield @bigpoison.bsky.social

That’s why median is a better measure of income distribution

aug 30, 2025, 5:56 pm • 3 0

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jordyn @umitsfine.bsky.social

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
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Jim Mayfield @bigpoison.bsky.social

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
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jordyn @umitsfine.bsky.social

Appreciate ya, Jim!!

aug 30, 2025, 9:05 pm • 1 0 • view