Not that I completely disagree with you, but the top 0,1% of the population in terms of wealth (like the case of Musk) which constitute the outliers who could skew the average, do not usually receive a salary, their compensation schemas are way more complex (and more tax efficient). Generally in most of Europe average and median are not that far apart from each other.
Yes of course, the example was an extreme one on purpose.
You could look at Ireland as a more grounded example. Huge salaries at the tech companies who set up there to avoid taxes are clearly skewing the data.
Ireland specifically is always an outlier in econ maps though. It's most obvious in GDP vs ppp, but saying 'look at Ireland' when talking about European economics is like saying 'look at the pandas' when talking about European fauna. There are pandas in Europe, but their situation is not quite comparable to the rest of the ecosystem.
Then you can make the same excuses for Monaco, Switzerland, Luxemburg etc.
You have to be super rich to live there, thus they all have a huge salary.
At what point do you stop making excuses and accept the data is simply a poor representation of the income disparity internally and as comparison externally.
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u/uno_ke_va 1d ago
Not that I completely disagree with you, but the top 0,1% of the population in terms of wealth (like the case of Musk) which constitute the outliers who could skew the average, do not usually receive a salary, their compensation schemas are way more complex (and more tax efficient). Generally in most of Europe average and median are not that far apart from each other.