this post was submitted on 10 May 2024
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Lol what?? In what universe
Very high paying jobs may skew this number. Median wage is probably the more useful way to look at country level pay
Could also be skewed the other way if itβs only about wage and not total compensation. Higher paid positions tend to also have good benefits like healthcare, vacation time, pensions, etc. that are on top of the stated wage. Lower wage positions often donβt have those same benefits.
For a concrete example of what @[email protected] said, if there are 10 workers, and 9 of them are making minimum wage ($17.40 in BC), then the remaining worker would make $192.90/hr. $1772.40/hr if 99/100 make minimum wage.
Median is definitely the better measure, though no single measure is adequate to answer the question of whether Canadians are better off than they were last year.
in the one where they report average instead of median or better yet the center modal.
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