While I get your point, the stat is completely sufficient.
Point being serious under compensation.
Everything reinforcing that is good, and gravy.
Point being serious under compensation.
Everything reinforcing that is good, and gravy.
I would be unable to compare one’s income to another without knowing all the other details I listed at a minimum.
As a side note, I will start believing the balance between purchasers of labor and sellers of labor will have been achieved when purchasers of labor have to start advertising minimum pay per unit of time and advertise consistent work schedules.
Those details are unnecessary at these income levels. Basic cost and risk exposure most people face are enough to understand sums in that range.
[1] The implied promise was it being far less expensive to live and work. That simply did not happen, and that failure defines the problem in my view, just to be clear.