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No two ways about it: Money matters. And thankfully, wages are on the rise. The mean annual wage in 2009 for all occupations was $43,460 ($20.90/hour), according to the Labor Department's ...
In 2009, the national average price for one gallon of gas was $1.73. Today, gas has skyrocketed to $4.65 per gallon. Yet, the minimum wage across both periods has stayed constant at $7.25 per hour.
According to a recently re-released World at Work Survey, the average annual salary increase is down to 2.5 percent, .a 0.3 percent decrease from the original forecast of 2.8 percent a few months ago.
As a result, 25% of households have incomes above $100,000, [16] even though only 9.2% of Americans had incomes exceeding $100,000 in 2010. [1] As a reference point, the US minimum wage since 2009 has been $7.25 per hour or $15,080 for the 2080 hours in a typical work year. The minimum wage is approximately 25% over the official U.S. government ...
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
However, because of wage inflation the federal government indexes wages so that $35,648.55 earned in year 2004 is exactly the same as $23,753.53 earned in 1994. Those two figures came from the yearly list of National Average Wage indexing series. [1]
During the depths of the recession in 2009, as millions of Americans lost their jobs, homes and life savings, the highest-paid earners in the United States saw their average incomes increase more ...
A 2018 University of Washington study which investigated the effects of Seattle's minimum wage increases (from $9.50 to $11 in 2015 and then to $13 in 2016) found that while the second wage increase caused hourly wages to grow by 3%, it also caused employers to cut employee hours by 6%, yielding an average decrease of $74 earned per month per ...