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To: Southack
If I have a whole lot of people competing for a very few jobs, will **average** salaries go up or go down?

If two people make $50K a year and one person makes $200K a year, the average salary is $100K. If one person is laid off, the other goes to $30K and the last person goes to $300K a year, the average goes up, yet two of the three are in worse shape. Plus a lot of people have just given up looking for work, and they don't even enter the equation.

522 posted on 08/01/2003 9:29:30 AM PDT by dirtboy (Who's that big cat I saw roaming around here again? I thought he went extinct...)
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To: dirtboy
"If two people make $50K a year and one person makes $200K a year, the average salary is $100K. If one person is laid off, the other goes to $30K and the last person goes to $300K a year, the average goes up, yet two of the three are in worse shape. Plus a lot of people have just given up looking for work, and they don't even enter the equation."

Are you prepared to go the next step and actually make this type of statistical claim and then support it with hard data, or is this yet another instance of where you will first talk loudly but then later back off of your claims?

524 posted on 08/01/2003 9:34:09 AM PDT by Southack (Media bias means that Castro won't be punished for Cuban war crimes against Black Angolans in Africa)
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