alphanerd4@lemmy.worldM to US Authoritarianism@lemmy.worldEnglish · edit-24 months agoThat’ll be Why the Median is Barely Over 40lemmy.worldimagemessage-square15fedilinkarrow-up12arrow-down10file-text
arrow-up12arrow-down1imageThat’ll be Why the Median is Barely Over 40lemmy.worldalphanerd4@lemmy.worldM to US Authoritarianism@lemmy.worldEnglish · edit-24 months agomessage-square15fedilinkfile-text
minus-squarepivot_root@lemmy.worldlinkfedilinkarrow-up0·4 months agoIt might work a bit better if incomes were bucketed into 5k brackets before taking the mode. From there, I guess you can take the mean or median of all the incomes that comprise the bucket?
minus-squareonion@feddit.delinkfedilinkEnglisharrow-up0·edit-24 months agoIt would still always be the lowest bracket, because most people make little and few people make much. If you look at the horizontal lines here you get 50k brackets: https://fourpillarfreedom.com/wp-content/uploads/2018/11/ind_inc0-1.jpg The first bracket is ~65% of the population, the second bracket ~25%, the third bracket ~5%
It might work a bit better if incomes were bucketed into 5k brackets before taking the mode. From there, I guess you can take the mean or median of all the incomes that comprise the bucket?
It would still always be the lowest bracket, because most people make little and few people make much.
If you look at the horizontal lines here you get 50k brackets:
https://fourpillarfreedom.com/wp-content/uploads/2018/11/ind_inc0-1.jpg
The first bracket is ~65% of the population, the second bracket ~25%, the third bracket ~5%