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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 .
The first table contains a list of U.S. states and territories by annual median income. The second table contains a list of U.S. states and territories by annual mean wage. Information from an unknown source; 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]
For example, according to a 2019-20 annual report from the Waterfront Commission of New York Harbor, about one-third of local longshoremen made $200,000 or more a year.
Approximately 93% of the working population in the United States are employees earning a salary or wage. [1] Typically, cash compensation consists of a wage or salary, and may include commissions or bonuses. Benefits consist of retirement plans, health insurance, life insurance, disability insurance, vacation, employee stock ownership plans, etc.
[11]: 115 They also point out that the higher wages paid under this policy distort construction projects by incentivizing them to use more capital and less labor, thereby reducing the employment of construction workers. [11]: 115 The federal paperwork requirement is also seen to discriminate against small firms. [11]: 115
It is not uncommon for young civil engineers, construction managers and construction engineers typical salary of (2007 US$) 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.
For the year 2022, the U.S. Census Bureau estimates that the median annual earnings for all workers (people aged 15 and over with earnings) was $47,960; and more specifically estimates that median annual earnings for those who worked full-time, year round, was $60,070.
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