I see lots of people are pointing out that these numbers don’t make sense. Here are some of my thoughts.
I’m not an economist so I’m probably making some very basic mistakes but…
GDP per capita is $76.3k [Google]
Average household size 2.6. [Google]
So GDP per household is $198.4k [Calculator]
That is the mean productivity per household.
But the median income per household is $75k [Google]
So what happens to the $123.4k of productivity (198.4k-75k) per household that isn’t paid to workers? It’s in the outliers and is asset appreciation isn’t it?
Yeah I had to replace my phone’s screen and the digitizer has never been the same. I’ve corrected it to something sensible, I’m not sure what my original word choice was though.
Dont know if i dont get the sarcasm. But why are you using the household size? Why is everybody in the household working fulltime? I would think the >2 household are the kids :D
I used median household income to account for the fact that not every person in a household is earning. I wasn’t confident that median individual earnings would include people that aren’t earning.
I see lots of people are pointing out that these numbers don’t make sense. Here are some of my thoughts.
I’m not an economist so I’m probably making some very basic mistakes but…
GDP per capita is $76.3k [Google] Average household size 2.6. [Google] So GDP per household is $198.4k [Calculator]
That is the mean productivity per household.
But the median income per household is $75k [Google]
So what happens to the $123.4k of productivity (198.4k-75k) per household that isn’t paid to workers? It’s in the outliers and is asset appreciation isn’t it?
I’m staring at this trying to figure out if autocorrect did you wrong and if it did, what was it originally
PS: A very disinfectant mistake
Mt dew in the cup on the right. Windex in the cup on the left. They used different amounts of ice to balance the colors.
What if they let the Dew go flat and carbonated the Windex?
Inconceivable!
Yeah I had to replace my phone’s screen and the digitizer has never been the same. I’ve corrected it to something sensible, I’m not sure what my original word choice was though.
Dont know if i dont get the sarcasm. But why are you using the household size? Why is everybody in the household working fulltime? I would think the >2 household are the kids :D
I used median household income to account for the fact that not every person in a household is earning. I wasn’t confident that median individual earnings would include people that aren’t earning.