Exercise 1: The Tale of Two Cities
The Trap of the Average
Both “Equality City” and “Unequal City” have the exact same average salary ($15,000 MXN). If you only look at the mean, they look identical. Which one has the inequality problem?
Both “Equality City” and “Unequal City” have the exact same average salary ($15,000 MXN). If you only look at the mean, they look identical. Which one has the inequality problem?