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Construction workers still have reasons to cheer. Wage growth notched up, with average hourly construction wages rising 5.9% year over year in November, higher than the average across the US economy.
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. [1]
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 .
Average wage in the United States was $69,392 in 2020. [1] Median income per person in the U.S. was $42,800 in 2019. [2] The average is higher than the median because there are a small number of individuals with very high earnings, and a large number of individuals with relatively low earnings. (See Income inequality in the United States.)
It is not uncommon for young civil engineers, construction managers and construction engineers typical salary of (2007 US$) 40,000 to 60,000 to fall short of their union laborers average wages of 50,000 to 80,000. However, unlike engineers, laborers are not usually employed full-time year-round and face significant hazards.
Average wage is the mean salary of a group of workers.This measure is often monitored and used by government or other organisations as a benchmark for the wage level of individual workers in an industry, area or country.
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