The phrase "average rate of wage" is not correct in standard English; it should be "average wage rate." You can use it when discussing the typical compensation level for a specific job or industry.
Example: "The average wage rate for software developers in the region has increased over the past year."
Alternatives: "average wage" or "typical wage rate."
Meanwhile, Marx recorded, there was an increase of "about forty percent in the average rate of the agricultural wages of Great Britain".
Meanwhile, Marx recorded, there was an increase of "about forty percent in the average rate of the agricultural wages of Great Britain". Yet the average price of wheat the main agricultural staple in England fell during the eighteen-fifties, in spite of poor harvests, and in spite of the Crimean War, which disrupted wheat imports from Russia.
In a golden period from 2003 to 2010 Latin America's economies grew at an annual average rate of close to 5%, wages rose and unemployment fell, more than 50m people were lifted out of poverty and the middle class swelled to more than a third of the population.
"This over-reliance is projected to increase further, largely as a result of wages growth leading to individuals paying higher average rates of tax".
On the one hand, empirical studies reveal that the average wage level and even the rate of wage growth are both higher in the state sector than in the private sector (Xia et al. 2012).
More shocking: You would have to work 122 hours a week for all 52 weeks of the year to afford rent on a two-bedroom at the national average rate on the federal minimum wage of $7.25.
It dislikes any annual increase in average earnings greater than 4.5% (its inflation target, 2.5%, plus the long-run average growth rate of productivity, 2%); rapid wage growth was a cause of this month's surprise increase in interest rates.The minimum wage is adding to the MPC's worries.
The HCA estimates total production losses due to illness, premature death, or disability by calculating the total period of absence and multiplying this by the average wage rate of the absent worker.
If you get that far in your calculation then you will find that, using an average hourly rate of $27.66, the lost wages will be north of $13bn.
The average annual growth rate of the minimum wage is 12.7% in the Eastern region, 13.2% in the Central region, and 12.5% in the Western region over the 2004 2009 period.
In addition to this, over the past five years, wages have increased by an average of 12.3% per year, compared with an average inflation rate of 5.9%.
