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0 pointseigen4y ago0 comments

> Mean personal income in the US is $54k. https://fred.stlouisfed.org/series/MAPAINUSA646N

says "People 15 years old and over beginning with March 1980, and people 14 years old and over as of March of the following year for previous years." seems it would be reduced by full-time students, retired people earning Social Security, etc.

> This post shows an average in every region more than double that.

says "this report reveals some of the rapidly changing dynamics in how companies of all sizes are compensating their employees." seems it only includes employees and thus would not include students, retired, etc.

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yellowstuff4y ago

That can't possibly explain all the difference. Mean family income is $115k, still lower than what they have for average salary in any region. https://fred.stlouisfed.org/series/MAFAINUSA646N

If this is meant to be a representative sample of the US, the data doesn't pass the sniff test. They don't provide enough context to understand how else we should understand it.

bdowling4y ago

> Insights from this report represent data collected from Sequoia’s Employee Experience Surveys (2017 – 2021), anonymized information and trends from our database, and Dataforest surveys. Dataforest is refreshed periodically with updates from new survey submissions.

The data here appear to come from salary surveys of working individuals. The US Census Bureau data appear to be reports of income from all sources for all persons, which appears to include children 14 and over, full-time students, disabled persons, retired persons, and other persons unlikely to be reporting a salary to Sequoia.

eigenOP4y ago

the Fed counts all people over the age of 14. using the same population, the median income is ~$36k [1] so over half of the population makes less than 2/3 of the mean personal income.

[1] https://fred.stlouisfed.org/series/MEPAINUSA672N

also, this report only covers a listed number of "departments" and leaves off many lower wage occupations. retail, child care, most unskilled labor, etc dont appear to be included in the Strategy, Sales, Design, Engineering, Leadership, etc.

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