Median
in sentence
303 examples of Median in a sentence
One reason that the
median
voter rationally agrees to protect the property of the rich may be that she sees the rich as more efficient managers of that property.
The more, however, that the rich are seen as idle or crooked – as having simply inherited or, worse, gained their wealth nefariously – the more the
median
voter should be willing to vote for tough regulations and punitive taxes on them.
Academic studies suggest that the top tenth percentile of income distribution in the US, and elsewhere, is also moving farther away from the
median
earner.
The United States today is rich beyond imagining, with
median
household income and gross domestic product per capita each equal to nearly $60,000.
It was not until last month, however, that the full extent of these gains came to light, with the Census Bureau’s annual economic statistics showing that
median
household income had increased by a record 5.2% ($2,800) in 2015.
Last year, the
median
total pay for a chief executive officer in Singapore was $673,000, according to the Hay Group, a global consulting firm.
By the latter part of Obama’s second term, unemployment had fallen by half, to below 5%; wages were rising; and real
median
family incomes were finally increasing, by a record-high 5.2% in the most recently reported year, with lower-income groups benefiting from even higher gains.
Real (inflation-adjusted)
median
household income in the US is about the same as in 1979.
The unemployment rate has dropped to 5%, just above the Fed’s current
median
estimate for the non-accelerating inflation rate of unemployment (NAIRU).
Since the 1970’s, wages for workers at the 90th percentile of the wage distribution in the US –such as office managers – have grown much faster than wages for the
median
worker (at the 50th percentile), such as factory workers and office assistants.
The rise of Donald Trump – anti-trade, anti-migration, anti-Muslim, and nativist – is a reflection of an uncomfortable fact for the Republican establishment: the party’s
median
voter is closer to those who have lost from globalization.
But, at the end of his book, he makes
median
income the real indicator of economic performance.
In Gordon’s 2015-2040 projection, annual growth in
median
income in the United States is only 0.4%, compared to average income growth of 0.8%, reflecting continuously rising inequality.
(Compare this to 1.82% annual growth in
median
income from 1920 to 2014.)
The intertwined forces of chronic Keynesian imbalance, a slowdown in productivity growth, and a concentration of income at the top lead to a very subdued outlook for growth in
median
income.
Ultimately, however, political choices will determine whether the diffusion of artificial intelligence leads to widespread increases in
median
incomes or exacerbates polarization and inequality.
China was growing, but
median
living standards were not clearly in excess of those of China’s so-called “golden years” of the early 1950’s, after land redistribution and before forced collectivization turned the peasantry into serfs.
Probably the single most telling statistic I cited was that the minimum wage (the wage earned by the
median
worker) measured in the cheapest available calorie, had declined from 52,854 calories per day in May 2012 to just 7,005 by May 2017 – not enough to feed a family of five.
They also work hard to make a living in a country where
median
household income has declined to a level last seen in the mid-1990’s.
Japanese society is one of the world’s oldest, with roughly 40% of the population older than 54 and a
median
age of 45.8.
Italy currently has the world’s third oldest population – 33% are at least 55 years old, and the
median
age is 44.2.
This is the
median
household income.
To compare
median
household incomes over time, the authorities divide these annual dollar values by the consumer price index to create annual real
median
household incomes.
With the traditional definition of money income, the CBO found that real
median
household income rose by just 15% from 1980 to 2010, similar to the Census Bureau’s estimate.
But when they expanded the definition of income to include benefits and subtracted taxes, they found that the
median
household’s real income rose by 45%.
And combining that with the CBO estimate of a gain of about 50% would imply that the real income of the
median
household is up nearly 2.5% a year over the past 30 years.
The geometric average real return of the US stock market was 6.7%, but the
median
geometric real return for the other countries was only 4.7%.
They found that the
median
real stock price appreciation from 1920 to 1996 for all these countries was only 0.8%, compared to 4.3% for the US.
And across the European Union, the
median
income of people over 63 is almost as high as the
median
income earned by active workers.
Median
household income in the US is still below its 2007 level – indeed, close to its level two decades ago – and roughly 90% of all US income gains in the post-crisis period have accrued to the top 1% of households.
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