40 sats \ 2 replies \ @Satosora 22 Apr \ parent \ on: Wage levels: USA outpaces Europeans econ
Average salary 54k
https://www.usatoday.com/money/blueprint/business/hr-payroll/average-salary-us/#:~:text=How%20much%20does%20the%20average,Q4%20of%202023%20was%20%2459%2C384.&text=This%20is%20up%205.4%25%20from,was%20making%20%2456%2C316%20per%20year.
I think what was misleading on the first graph is that it isn't specific about what the number refers to.
That $54k is only drawn from wage earners. A lot of income in America comes from non-wage sources. That makes $54k a dramatic underestimate of income.
Another thing going on here is that taking the mean, rather than median, of income will give a fairly high seeming value because of the extreme high-earners in the distribution.