I meant "median" not "mean" sorry. "Mean" and "average" usually come to the same thing in most contexts as far as I know. The substance of my remark seems still correct and Klein is probably not daft but true and not surprisingly since there are some huge incomes at the upper end of the income scale.
--- ken hanly <northsunm at yahoo.com> wrote:
> What Klein says makes perfect sense. Consider four
> people who over the same period earn 15 dollars, 15
> dollars, 20 dollars and 100 dollars respectively.
> The
> average earning is 75 dollars and three of the four
> people earn less.
> There would only be a problem with what she says
> if
> the term "mean" were used not "average".
>
> --- Doug Henwood <dhenwood at panix.com> wrote:
>
> >
> > On Feb 5, 2008, at 4:22 PM, Joseph Catron wrote:
> >
> > > "Even in the wealthy United States, most people
> > earn less than the
> > > average income."
> > >
> > > http://www.thenation.com/doc/20080218/klein
> >
> > Hmm, she really needs to study some economics.
> This
> > would be true if
> > you substituted "mean" for "average."
> >
> > But on the redistribution front, she also needs to
> > study some
> > American history. Expropriation has rarely been
> > popular here.
> >
> > Doug
> > ___________________________________
> >
>
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>
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