Author Topic: Misleading data  (Read 67 times)

TheDrake

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Misleading data
« on: September 10, 2020, 11:08:56 AM »
Quote
Amazon currently has 33,000 job openings for corporate and tech roles and says it will share "thousands of additional hourly roles in Amazon's Operations network" soon. All of the new employees for these roles will be paid at least minimum wage at $15 per hour with up to 20 weeks of parental leave.
The employees who fill the corporate and tech roles will receive an average pay of $150,000, including salary, stock-based compensation and benefits, an Amazon spokesperson told CNN Business.

Okay, so I think it is trashy to talk about the "Average Pay" of $150k, while also talking about the minimum wage as the floor. It makes people think of thousands of people making a ton of money.

In reality, they throw in one exec making $10,000,000 - and how many people does that offset at $30,000?

150 = (10,000 + 30*x)/(x+1)

150x+150 = 10,000 + 30x
120x = 9,850

The answer is 82.

Compensation should only be examined based on median or quintile, not mean. At least if you're going to brag about all the high paying jobs you are creating.