View Single Post
Old 07-28-2009, 05:28 AM   #112
rireed3
Connoisseur
rireed3 has a complete set of Star Wars action figures.rireed3 has a complete set of Star Wars action figures.rireed3 has a complete set of Star Wars action figures.rireed3 has a complete set of Star Wars action figures.
 
Posts: 85
Karma: 358
Join Date: Jul 2009
Device: BeBook 1, Cybook Gen3
That's why honest statisticians use the median, the value where half are above and half are below, and why no one but academics ever publishes income distribution charts.

In unequal societies like the US and Britain, income distributions don't even come close to resembling a bell curve, where the median would equal the average. The median in these countries is skewed far below the average, as you guessed.

Also, the shape of the curve is highest around the one-half-median income. Conservative politics in both parties has over 40 years shifted the 'poverty level', used to calculate government benefits, below even the half-median.

Richard
rireed3 is offline   Reply With Quote