Income

Aug. 27th, 2008 05:00 pm
andrewducker: (Default)
[personal profile] andrewducker
The article on income and statistics here not only points out that I'm doing quite well for myself (being above both the median and the mean incomes), but points out how silly the 'average' really is - as it doesn't actually tell you very much that's useful/interesting.

makes it pretty clear that 2/3 of people earn below an average wage - because the richest people push the average up significantly.

I'm sure that I had something which told you what percentage of people in full time employment in the UK earned less than you - but I can't seem to find it now...

Date: 2008-08-27 07:09 pm (UTC)
From: [identity profile] chuma.livejournal.com
To be honest, a very basic understanding of maths and statistics would tell you that the averages are meaningless.

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