Bulletin: BLS Median & Mean

I wanted to point out, I’ve often used the BLS median as kind of a multiplying point to figure out about how much of the market we really are. That’s probably not been the best measure. The mean would probably be more accurate, and the mean incomes are higher than the median.

But this is kind of my style anyway, I put together ballpark figures and I get a feel for what’s more likely. It’s the same way I came to the shortage conclusion. 11,000 missing reporters in 2023 was just too steep to be true.

But yes, mean, median, different. Mean would be better. But even their mean doesn’t seem to account for the court reporters making $300,000 a year. This goes back to my general argument that larger companies simply want a larger slice of the pie.

Thanks for reading!

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