![](https://i.imgur.com/CLvY2jA.png")
17-07-2025, 05:52 PM
What kind of average? Weighted, median, mode, simple average?
A nation where salary/wealth gap is small by measures such as gini coefficient the simple average is very very powerful display of consumption power. A nation where gini coefficient is huge, the simple average is just mathematical with little meaning.
You rather have a nation where everyone is earning 4k than a nation where the average is 5k but the bulk of population is earning 1k and maybe 1% of population is earning 3mil.
A nation where salary/wealth gap is small by measures such as gini coefficient the simple average is very very powerful display of consumption power. A nation where gini coefficient is huge, the simple average is just mathematical with little meaning.
You rather have a nation where everyone is earning 4k than a nation where the average is 5k but the bulk of population is earning 1k and maybe 1% of population is earning 3mil.
