There is a reason median is used here… If you take into account the massive (and constantly growing) income gap, it’s obvious that things have gotten worse for the average American.
Comment on Anon describes past
JohnDClay@sh.itjust.works 5 months agoIn 2023 median hourly wage was $19.24/h, vs in 1979 it was $4.44/h or $19.56/h inflation adjusted. (This data doesn’t go back to 1965 unfortunately)
prole@lemmy.blahaj.zone 5 months ago
JohnDClay@sh.itjust.works 5 months ago
You’ve got it backwards, median takes into account income gap better. Mean would be much higher today because of the increasing income gap. That is why I used the median, so that interesting inequality would be less of a factor.
LodeMike@lemmy.today 1 week ago
Hourly wage makes that number meaningless for this thread