This is true. For skewed distributions (and the income distribution is quite skewed) mean and median are different and if you have to choose you pick the one that serves your purposes better. For the comparisons of population well-being the median is, indeed, the preferred metric.
In my experience, most articles comparing income use median, because that’s the value that makes more sense in this context.
This is true. For skewed distributions (and the income distribution is quite skewed) mean and median are different and if you have to choose you pick the one that serves your purposes better. For the comparisons of population well-being the median is, indeed, the preferred metric.