> This report says nothing.<
It’s a malicious use of statistics.
An increase from $10 to $20 is a 100% increase.
An increase from 30 to $36 is a 20% increase.
Oh, that poor $36 guy is way behind the $20 guy. (Elon only paid 15% and a Secretary pays 20%).
EC
You are correct.
You see large “percent change” used whenever the writer wants to make a point while conveniently leaving out the values used to calculate the reported percentage.
Torture the numbers - until they tell you what you want to say.
In this case, they left cost-of-living, population shifts, and unemployment figures out*... so, I said, “This report says nothing.”
* and other variables that I’m too lazy to think of.