Median Pay Measure

A Median Pay Measure is a median measure of the worker pay for a labor population.

• Example(s):
  • U.S. Median Pay.
  • German Median Pay.
  • Chinese Median Pay.
  • Indian Median Pay.
  • …
• Counter-Example(s):
  • Average Pay.
  • Minimum Wage.
• See: Worker Productivity, Average Share of Labor.

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References

2017

• https://thebalancecareers.com/median-salary-525831
  • QUOTE: To find out what the median salary is for a particular occupation, one arranges the salaries of all individuals working in it in numerical order. The middle amount on the list is the median when there is an odd number of data. When there is an even number, the median is calculated by averaging the middle two salaries.

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