Average Pay Measure
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An Average Pay Measure is an average of the pay for a labor population.
- AKA: Average Wage.
- …
- Example(s):
- Counter-Example(s):
- See: Worker Productivity, Average Share of Labor.
References
2016
- (Wikipedia, 2016) ⇒ https://en.wikipedia.org/wiki/List_of_countries_by_average_wage Retrieved:2016-10-13.
- The average wage is a measure for the financial well-being of a country's inhabitants. The average wages are adjusted to living expenses. The wage distribution is right-skewed; the majority of people earn less than the average wage. For an alternative measure, the Median household income uses median instead of average.