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> 48% of wager earners had net compensation less than or equal to the median wage

I'm surprised. I expected that 50% of wage earners would make less or equal to the median wage. If for no other reason than the definition of median.



If you're going to be this pedantic, 50 is greater than 48. They're not wrong.


It might have to do with rounding and the resolution of the cohort binning -- 48% being pretty close to 50%.


Someone further up made a similar comment, and got a non-pedantic response: wages don't include bonuses, but net compensation does. That's why it's not 50%.


Yeah I looked for a * or reference of some kind, but did not find one. I think they are using 30k as the threshold for the 48% number, while the median is the 31k and change number.


Sure. Median(Variable) = Probability(value<=Variable) = 50%.


Ties. It's probably because of rounding.


Uh, are you thinking mean? Median is lining up every salary, counting to N/2, and selecting the number you happen to fall on.


...which is exactly what they've described.




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