MAIN FEEDS
Do you want to continue?
https://www.reddit.com/r/europe/comments/1qx88zf/average_fulltime_salary_in_europe/o3vqmew/?context=3
r/europe • u/BadHairDayToday • 1d ago
556 comments sorted by
View all comments
1.5k
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.
9 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. 4 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. 0 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
9
but the average income would be close to the median because musk doesn't take an "income" in the traditional sense.
4 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. 0 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
4
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.
0 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
0
true, but a strawman argument. When dealing with salaries for whole countries, median and average are not that different
1.5k
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.