what is a fair wage?, page-5

  1. 12,469 Posts.
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    Tin, median and average are not interchangeable

    the median wage is the figure where 50% of people earn more than it and 50% of people earn less than it.

    it is around 58K

    as opposed to average wage of around 70K, average is distorted by high income earners, median is less affected by the distortion
 
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