Hacker Timesnew | past | comments | ask | show | jobs | submitlogin

>To put the numbers so far in this chapter in perspective, the average adult on planet Earth earns $8,200 a year (U.S. dollars). The average American makes about $45,000. Since you see your paycheck, you know exactly where you stand.

Bit of a tangential nitpick: I don't like that he used the averages here--I think he should have used the medians. Which, for Earth, is about $850 [0] and, for U.S.A., is about $30k-50k [0,1]. Even so, a single number doesn't give you a very good picture of the actual wealth distribution, but the median is better than the average (for chrissake!) in this case.

[0]: http://www.wisegeek.com/what-is-the-median-income-worldwide.... (I tried for a couple minutes to find a better source--sorry.)

[1]: http://en.wikipedia.org/wiki/Median_household_income

Edit: And, overall, I found the excerpt to be rather fluffy, feel-goody, and sparse on content. Maybe I'm cheating here, but it seems like the kind of text that would make a fine talk, but a vacuous essay.



For those wondering, here are the individual income medians from the 2010 census (all numbers are pre-tax gross income):

individual median income: $26,680/yr, single: $18,881/yr, married: $32,033/yr, divorced: $28,668/yr, widowed: $18,485/yr,

This is a more accurate picture for which to start making comparisons regarding your individual income status (in the united states).




Guidelines | FAQ | Lists | API | Security | Legal | Apply to YC | Contact

Search: