Well, not anything… It’s pretty recognized that in most cases, median provides a more realistic and representative measure than average for this very reason (outliers).
median provides a more realistic and representative measure than average for this very reason (outliers).
Must be a hell of a lot of people earning SO much less than the median wage if the average wage excluding only 1000 out of ~335m is already significantly lower…
Well, not anything… It’s pretty recognized that in most cases, median provides a more realistic and representative measure than average for this very reason (outliers).
The median is an average. It’s less susceptible to skew than the mean, the most commonly used average.
Ok, I see what you mean. In my education, average and mean we’re used interchangeably.
Must be a hell of a lot of people earning SO much less than the median wage if the average wage excluding only 1000 out of ~335m is already significantly lower…
Yeh
I wouldn’t be surprised if half of Americans earned less than the median.
The average annual salary in Canada in 2021 was $59,300
The median income in Canada is $68,400, after taxes, according to Statistics Canada’s income survey (2021)
Huh… seems backwards in Canada’s case…
Salary and income are not necessarily the same thing.
Most people’s incomes are not salaries, I’d think.
https://www.dundaslife.com/blog/average-income-in-canada#toc-average-canadian-household-income-for-2024
This website seems to use salary and income interchangeably as if they were the same thing.