To: Toddsterpatriot
I was wondering what happens when someone moves into the top quintile from below. He "falls off the table," so to speak. If you have more people falling off the table than moving from the bottom half of the (adjusted) median into the top, then it might explain why the new (adjusted) median is falling. The fact that the time frame encompasses a period of weak(er) economic growth makes me wonder if the statistic is so flawed as to be almost worthless.
To: 1rudeboy
That's true. I always wondered if the millions of illegals are included in these calculations. If they are, it is possible that median wages for natives are still rising but these new lower wage earners pull down the median and mask our real progress.
266 posted on
11/14/2005 6:12:21 AM PST by
Toddsterpatriot
(If you agree with Marx, Krugman and the New York Times please stop calling yourself a conservative!!)
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson