Saturday, 2 August 2014

More money, more problems

It has been reported that more than half of all new jobs in th US in 2014 are paying above average wage.

Pay rates are higher

Labor department Job statistics

It has been suggested that 58% of all new jobs are paying above average wage. What could be driving employers to pay higher wages?

Most of the jobs that are not paying above average wage are in the retail sector. How can that skew the data?

Measuring the average, particularly in terms of wages can also be a flawed idea, why is that? I personally hate seeing averages used to claim growth in wages, it is far too easy too use outlying data to skew results.

How could we more accurately assess if wages have grown at above average rates?

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