Numbers Don't Lie

Friday, September 01, 2006

The median hourly wage for American workers

"The median hourly wage for American workers has declined 2% since 2003," reports the New York Times. "As a result, wages and salaries now make up the lowest share of the nation’s gross domestic product since the government began recording the data in 1947, while corporate profits have climbed to their highest share since the 1960’s."
See also this post.

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3 Comments:

Blogger Butterfly Dreams said...

This is a very sad statistic. I am a social worker and I can see everyday those who just cannot make ends meet... and they are doing everything that those in the middle and upper class thing they should be doing. Thanks for the reminder that we have a long way to go.

K-

8:02 PM

 
Blogger Mike said...

The median of anything can be a deceiving statistic. It is just the half way point between the highest and lowest of the numbers you are comparing. The average can be far above or below the median. Take the numbers 1,2,3,4,10. The median is 3. The average is 5. For a large set of low numbers and a few high numbers the median would be above the average.

10:09 PM

 
Anonymous Anonymous said...

The aspiring mathematician who commented about statistical inconsistancies needs to look around.
Bankruptcies are at their highest, people are working 2 jobs just to make ends meet, and more people are struggling than the affluent that seem to garner the most media attention.
Leave it to the yuppies who are now in power to stop the trickle in the trickle-down effect that made America thrive. Christmas bonuses anyone? Oh yeah, they're gone too.

1:07 PM

 

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