Comment Comment by sisama Yup.What makes this even more of an underestimate is that the actual numbers that will be used are not point percentile but mean of a decile range. That is Level IV wage will be mean of [p90-p100] salaries.The departments methodology in setting these levels is quite amusing for anyone with a basic grasp on stats. https://www.dol.gov/sites/dolgov/files/ETA/oflc/pdfs/DOL-Int... parent sisama 6 years ago
What makes this even more of an underestimate is that the actual numbers that will be used are not point percentile but mean of a decile range. That is Level IV wage will be mean of [p90-p100] salaries.
The departments methodology in setting these levels is quite amusing for anyone with a basic grasp on stats. https://www.dol.gov/sites/dolgov/files/ETA/oflc/pdfs/DOL-Int...