And I'll assume a wage of $15 per hour since that is the minimum wage in Seattle, about $31,200 per year.
4Here I assume a wage elasticity of aggregate labor demand of −3.3 (as it would be with an aggregate Cobb-Douglas production function with labor share 0.7) and a wage elasticity of aggregate labor supply of one.
Assuming an average wage of 9.32$ per hour and fringe benefits of 25%, the benefit from avoiding missed work days was greater than the extra drug costs paid by the employers, resulting in a significant yearly net benefit to the employers (286 [high 366, low 205]$ per employee; Table 7).
Assuming an hourly wage of $42.55 (the median for CEB client companies), a bottom-quintile firm with 26,300 employees (the median head count) spends nearly $774 million a year to resolve errors, many of them preventable $350 million more than a top-quintile firm.
According to John Curtis of Integrated Organizational Development in Waynesville, N.C., the cost per worker going through a divorce is about $8,300, assuming an average wage of $19.50 per hour and a 50percentto75percentcent drop in productivity.
The rates set in 1990 also assumed an hourly wage of $5.93 for entry-level child-care workers, 40 percent above the minimum wage of $4.25.
Assuming a minimum wage for hand-polers of $15.96 hr -1, 1 minute of hand-poling per tree costs $0.27 $67.500 ha -1).
It was assumed that outpatient visits would be associated with two hours taken off work and that inpatient days would be associated with eight hours taken off work, and assumed an hourly wage of $23.18, based on a full-time female employee.
Rather than assuming an hourly wage to measure the value of food preparation time, we asked what hourly wage would equalize the price of a manufactured versus a home-produced cheeseburger.
Illustrative figures are presented using the UK as a reference point, assuming an annual average wage of £23,937 [$= 37,820]].
