Average Pay Measure

An Average Pay Measure is an average of the pay for a labor population.

• AKA: Average Wage.
  • …
• Example(s):
  • U.S. Average Pay in 2014.
  • …
• Counter-Example(s):
  • Median Pay.
  • Minimum Wage.
• See: Worker Productivity, Average Share of Labor.

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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.

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