The lowest are likely to have serious issues and not be particularly helpful (how well the paperboy, special needs cashier etc is not particularly representative or useful.)
We also have measures that capture most of what you’re looking for there in the poverty rate.
What might be helpful is stuff like the interquartile ranges (think medians but more of them) or specific medians e.g., what’s the median for the bottom twenty, bottom forty etc.
Measures at the extremes are rarely very helpful except for arguing in ignorance or bad faith.
What
Why would the lowest full time annual wage be the best measure of anything to do with an economy?
Economies are huge. No one single data point on the spectrum of wages is the best measure of a anything
It would however be amazing to have a high floor for individual equity.
Why not do the lowest, at the very least there’s a median which is disproprotionate already. Might as well be logarathmic or whatever
Why have a median then, middle class?
The lowest are likely to have serious issues and not be particularly helpful (how well the paperboy, special needs cashier etc is not particularly representative or useful.)
We also have measures that capture most of what you’re looking for there in the poverty rate.
What might be helpful is stuff like the interquartile ranges (think medians but more of them) or specific medians e.g., what’s the median for the bottom twenty, bottom forty etc.
Measures at the extremes are rarely very helpful except for arguing in ignorance or bad faith.