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The federal minimum wage in the United States has been $7.25 per hour since July 2009, the last time Congress raised it. [43] Some types of labor are exempt: Employers may pay tipped labor a minimum of $2.13 per hour, as long as the hour wage plus tip income equals at least the minimum wage.
The salary distribution is right-skewed, therefore more than 50% of people earn less than the average net salary. These figures have been shrunk after the application of the income tax . In certain countries, actual incomes may exceed those listed in the table due to the existence of grey economies .
See minimum wage in the United States for much more info, including detailed state-by-state and city-by-city breakdown of the facts and numbers, and more info on US territories. Some of the sources list many more exceptions to the main rate in each state (both lower or higher than the statewide rate). [ 5 ]
Oklahoma comes in at second cheapest at $46,024 per year, and Alabama in third at $46,577 annually. Yet the median U.S. salary clocks in at $58,136, according to the most recent BLS data .
This would roughly put the national average salary at about $56,420. National Average US Salary: Key Points. Approximately 35% of U.S. households make over $100,000 per year, as reported by IBISWorld.
KGS 2,460 (US$28) per month, nominally; used for administrative purposes. Will be raised to 2,865 som in 2025. [131] 349: 1,427. 40 0.17: 0.69. 40.2 % 1 Jan 2024 Laos ₭800,000 (US$100) per month; additionally, employers were required to pay a ₭30,000 (US$3.74) meal allowance per day. The minimum wage for civil servants and state enterprise ...
Average wages can differ from median wages; for example, the Social Security Administration estimated that the 2020 average wage in the United States was $53,383, while the 2020 median wage was $34,612.
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-designated poverty income level for a single person unit (before taxes) and about 63% of the designated poverty level for a family of four ...