btaf45@lemmy.world to News@lemmy.world · 3 days agoUS Bureau of Labor Statistics reports average hourly wage growth has surpassed inflation for 12 straight monthswww.epi.orgexternal-linkmessage-square71fedilinkarrow-up1184arrow-down116
arrow-up1168arrow-down1external-linkUS Bureau of Labor Statistics reports average hourly wage growth has surpassed inflation for 12 straight monthswww.epi.orgbtaf45@lemmy.world to News@lemmy.world · 3 days agomessage-square71fedilink
minus-squarejoostjakob@lemmy.worldlinkfedilinkarrow-up3arrow-down1·3 days agoThey are not excluded, it’s just the the number of people is used, not the amount of money
minus-squaresunzu@kbin.runlinkfedilinkarrow-up2·3 days agoSounds like the median calc is done after billioares are removed There are only about 1000 of them so not really sure what that does in labour market of 160m lol
minus-squarejoostjakob@lemmy.worldlinkfedilinkarrow-up5·3 days agoIf you use median, removing or not of 1000 people from a pool of millions indeed has zero impact. My guess is that they worded it like that because they assume people don’t knownwhat a median is, so they describe the practical effect
They are not excluded, it’s just the the number of people is used, not the amount of money
Sounds like the median calc is done after billioares are removed
There are only about 1000 of them so not really sure what that does in labour market of 160m lol
If you use median, removing or not of 1000 people from a pool of millions indeed has zero impact. My guess is that they worded it like that because they assume people don’t knownwhat a median is, so they describe the practical effect