It's the average. If the median wage was $1MM all goods would be way more expensive.
But all this is wrong because rents rise to soak up income. If we all earned $1MM rents would be most of that if all other goods stayed the same.
But all this is wrong because rents rise to soak up income. If we all earned $1MM rents would be most of that if all other goods stayed the same.
This had the end result that those who want to stay at home can't, society is now based arround two decent income salaries.