Sunday, June 08, 2014

How to increase the Median Income in one easy step

Scrap the long form census and presto. The median income which had jumped a mere $53 in 25 years goes from $41,404 to $47,868 in 5 years. Of course, “Brian Murphy, special advisor with Statistics Canada’s income division, cautioned not to read too much into the large jump in income from 2005.  
“It’s a brand new survey,” he said. “I’d be looking for these long-term trends in other data sources. It’s really important for income statistics to hold the methodology constant.” The Conservatives replaced the mandatory long-form census in 2011 with the voluntary National Household Survey.

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