Date: 2022-04-26 11:32 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
The sausage roll article is interesting. I wonder about using the median wage rather than the mean wage but I don't know enough about labour econometrics to know if you'd get big differences between the two which would vary from one location to another.

Date: 2022-04-26 12:06 pm (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
Not if the billionaires aren't earning a salary or wage.

I guess it depends what you are measuring. If you are trying to get a feel for the overall prosperity of an area than mean wage is probably more useful than median, whereas, as you suggest median is probably more indicative of what an ordinary punter can or can not afford.

Date: 2022-04-28 06:13 am (UTC)
danieldwilliam: (Default)
From: [personal profile] danieldwilliam
Might depend on whether you were thinking about opening a Waitrose or a Lidl.

Date: 2022-04-26 12:11 pm (UTC)
naath: (Default)
From: [personal profile] naath
3m17, but that doesn't reflect that housing costs are high, reflecting mean wages in a way that national food chains don't. Cost of living is hard (you might get a room for 600/month, or 67 hours at the national living wage)

Date: 2022-04-26 06:39 pm (UTC)
foms: (Default)
From: [personal profile] foms
I'd be awfully tempted to do tricks like mean average of the modal average from each of the four lowest quintiles.

Date: 2022-04-26 11:46 am (UTC)
cmcmck: (Default)
From: [personal profile] cmcmck
Simple answer to ten is sugar- lack of in diet.

Date: 2022-04-26 12:37 pm (UTC)
channelpenguin: (Default)
From: [personal profile] channelpenguin
You can't buy Greggs "sausage" rolls in Berlin (Germans would have no truck whatsoever with the low actual meat content), but theoretically, I personally beat even the lowest time-to-earn one by a little bit. Hmmm. I'd expected it to be by a much greater margin. I assume they used takehome pay?

Date: 2022-04-26 06:40 pm (UTC)
foms: (Default)
From: [personal profile] foms
The linked article says "The approach was to take the latest available estimates of median gross hourly pay for full-time employees from the 2021 ONS Annual Survey of Hours and Earnings (ASHE)"

Date: 2022-04-27 05:55 am (UTC)
channelpenguin: (Default)
From: [personal profile] channelpenguin
Well that's just stupid. Using gross pay makes it pretty much meaningless as "how long it takes to earn". Bah.

Date: 2022-04-26 01:43 pm (UTC)
aldabra: (Default)
From: [personal profile] aldabra
Elon Musk isn't going to like spaceships either. Couldn't do three months in his own apartment in a global pandemic. No self-knowledge at all.

Why isn't uricase a slimming supplement then? (disappears down rabbit hole)

Date: 2022-04-27 12:27 am (UTC)
armiphlage: Ukraine (Default)
From: [personal profile] armiphlage
Wikipedia indicates that uric acid helps reduce the risk of cancers in humans, which might deter people from using it for weight loss.

Or not.

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