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Notes -
Yeah, it would be better to divide by total people with taxable income, to include the retirees.
I think the Census and BLS surveys have problems, I'm not sure if they include dividend/asset income, and I've also heard they cap the income recorded for privacy issues (because high earners are rare enough that if they were reported, it would deanonymize the data)
You want to include dividend/corporate profit income as part of the average income calculation, because the whole idea is to put a floor on how much the owners of capital can push down wages using immigration.
It seems like it would be more that sample size starts to get small at crazy high earners and that response rate is probably pretty low for extremely highly paid people. I'm also not sure what privacy issue there is when the max granularity is top 10% of households - this is roughly 30 million people or whatever.
We can also look at the CPS and start to get a lot closer to the question of "What is the normal income for working people in the US?", as there is a specific category of 18+, full-time. Average total money income was $96k in 2024, which seems pretty reasonable to me as an estimate. This sounds to me like it would also include that investment income you are looking for, though I don't think I agree that this should be included for the purpose of this exercise since the idea seems like it is to ensure that a prospective immigrant worker truly is valuable to a company and not easily replaced by a domestic worker with up to double the average earning power... is your idea on including all income to capture things like stock options as compensation or something? Even a 100% average threshold if using $96k would go a long way to fixing the problem of H1Bs frequently going to mediocre-tier workers. https://www.census.gov/data/tables/time-series/demo/income-poverty/cps-pinc/pinc-02.html
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