[LINK] OT: statistics

Craig Sanders cas at taz.net.au
Sat Mar 25 11:58:30 EST 2006


On Sat, Mar 25, 2006 at 10:28:51AM +1100, Jan Whitaker wrote:
> >Because the richest guy in the bar is now much richer than before, the 
> >average income in the bar soars. But the income of the nine men who aren't 
> >Bill Gates hasn't increased, and no amount of repeating "But average 
> >income is up!" will convince them that they're better off.

actually, not quite correct. all the bleating about average incomes WILL
*convince* them that they're better off, but in actual fact they'll be
worse off because they're getting paid the same or less than they were
5 years ago, but prices have gone up due to inflation and they have to
work harder and longer (i.e. "productivity gains") for their income.

craig

-- 
craig sanders <cas at taz.net.au>           (part time cyborg)


More information about the Link mailing list