Excellent point. I went back and listened again. No units. Big slide in the presentation about “Global Median Income” and then a statement that it was for a family and not an individual. The statement was designed to grab the viewer’s attention, presumably. So you’re right — it could be an accurate statement for monthly income. It was presented, I think, to be as dramatic as possible.

Written by

I host the weekly podcast, EconTalk and I'm the co-creator of the Keynes-Hayek rap videos. My latest book is How Adam Smith Can Change Your Life.

Get the Medium app

A button that says 'Download on the App Store', and if clicked it will lead you to the iOS App store
A button that says 'Get it on, Google Play', and if clicked it will lead you to the Google Play store