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Thread: Employment Situation Report for October

  1. #81
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    Re: Employment Situation Report for October

    Quote Originally Posted by WallStreetVixen View Post
    How would the typical be the median? The median just means that half of a data sample is higher and the other half is lower. The average takes all numbers in the data set and divides it. That provides a closer representation of what the typical person is actually like. That is why it is called the 'average.'
    Depends on how skewed the data set is in order to best represent the central tendency. In the case of personal income, high income earners (very few) necessarily skew the population (very many) average. As such, using median income in this regard is better suited for the discussion.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  2. #82
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    Re: Employment Situation Report for October

    Quote Originally Posted by WallStreetVixen View Post
    Nothing is missing. You just don't understand what Unit Labour Cost measures.
    Do you understand how UlC correlates to output growth? Hint: around 1980, the relationship began to inverse and by the turn of the century ULC became correlated to real output growth.
    It is not very unreasonable that the rich should contribute to the public expense, not only in proportion to their revenue, but something more than in that proportion.
    "Wealth of Nations," Book V, Chapter II, Part II, Article I, pg.911

  3. #83
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    Re: Employment Situation Report for October

    Quote Originally Posted by apdst View Post
    Spin and lies are sll the Left have to bring to the table.


    When you can't deal with the facts, dodge it and just spew standard rehearsed generalized hack lines.
    Quote Originally Posted by Moderate Right View Post
    The sad fact is that having a pedophile win is better than having a Democrat in office. I'm all for a solution where a Republican gets in that isn't Moore.

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