this post was submitted on 07 Apr 2024
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Median weekly earnings of full time workers is over $1100/week now, so the median full time worker is probably making well over $50k/year, if they can hold down a job for the full year and work full time hours.
Lots of people don't work because they don't want to work, and don't need to work: retirees, students, married to rich spouses, etc. Including them in the denominator can be helpful for measuring some things, but would be misleading to assume that the median individual income across all individuals would mean what most commenters in this thread seem to think it means.
If you look at what they count as full-time jobs, And then you compare that to how many people are actually willing to offer full-time jobs rather than just a job that takes all of your time you might better understand this.
The numbers are manipulated by what they choose to exclude. And $50,000 in today's dollars is less than an elevator operator made during the Great depression.
Isn't that just anyone who works more than 35 hours per week?
What do you mean by this?
Either way, they track several different alternative measures. One is the number of people who want to work full time but are stuck working part time for economic reasons, which has been lower the last few years than the previous decade.
Or if you'd want to look at those who hold multiple jobs, that's been climbing but still historically low.