That is quite correct. There are really not enough of the very rich to skew
the numbers to a significant degree.

"123.bam" "123.bam wrote in message
...
Brenda Ann wrote:

"Brian Oakley" wrote in message
...

If you havent noticed, not everyone in the country works for Wal-Mart.
Why
dont you do some research and see what the average wage in the US is
and
report back to us here. That is your school assignment.
73

But the average wage doesn't mean a lot to a great many people. The
average
income is skewed by a very few very high paid corporate execs (who make
many
times more a year than does the president), entertainers and sports
figures.
This has the effect of raising the median income significantly when
figured
as part of the whole. For every Enron exec making millions a year, there
are
thousands of folks making less than $20G, which isn't a living of any
kind
with our cost of living. There's a whole lot of grunt labor out there,
including a lot of the salespeople at your favorite radio store, that
make
much closer to minimum wage...

me thinks about the math for a second
lets assume you are correct
1000 people at 20g/yr
1 enron exec 10million/yr


1000 X 20,000 = 20,000,000
1 X 10,000,000 = 10,000,000

total 30,000,000

average

30,000,000/(1000 + 1) = 29,970 and change
actually that doesnt seem to me to skew the number all that bad