• Skewed data from massive inequality in the US

    Here is something well worth knowing. What many people do with America is take averages, say of income, earnings etc. However, this skews data. Because the US has the highest inequality, and the rich are super fricking rich, those super super rich raise the average considerably to make the average look okay, but in reality they are a tiny minority which disproportionately affect the figures. Here is an infographic which does a great job of explaining this:

    INCOME-INEQUALITY

    Category: Economics

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    Article by: Jonathan MS Pearce