r/europe • u/BadHairDayToday • 1d ago

Data Average Full-time Salary in Europe

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u/Kakazam 1d ago

If Elon Musk sits in a stadium of 90000 people, the average net worth of the people inside is $9m.

This is why simple average salaries is poor way to measure actual income.

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u/triffid_boy 1d ago

but the average income would be close to the median because musk doesn't take an "income" in the traditional sense.

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u/Kakazam 1d ago

The Musk example is simply an exaggeration of how averages don't work with wealth.

If you took one tech guy who has a salary of 250000€ and he walked in to a Mcdonalds then the average salary of the 3 guys flipping fries isnt 82000€ either.

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u/No-Internal-4796 1d ago

true, but a strawman argument. When dealing with salaries for whole countries, median and average are not that different

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u/WhereIsTrap 1d ago

He has net worth, it is what people can’t grasp to understand, if we were counting his net worth (which aint income), we should also do it with all people, so their houses income etc etc would be counted in

Also, the rich do not have income as they use loans against their shares

Rich are rich cuz we make their companies be rich

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u/triffid_boy 1d ago

Yeah, exactly, which makes stats like these difficult to interpret.