So, where is the minimum wage in the UK in relation to that average wage?
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Assume a single person using standard exemptions and deductions, and earning an average wage.
The indexation should be to the average wage, not to the general price level.
FORBES: Greg Mankiw's Excellent Question: Why a $9 Minimum Wage? Why Not $90? Or 90 cents?
At the average wage, a typical worker would have to work 467 hours about 58 days.
In contrast to the 1980s, the average wage of America's top-ten trading partners has fallen since 1990.
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From 2001 to 2009, the average wage of middle-class families in America actually declined by 5 percent.
Few locals, whose earnings are about 75% of the national average wage, can afford these sorts of prices.
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In March, we learned today, the average wage dropped a penny an hour.
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For a female earning the average wage, the situation faces even great discrepancy.
Otherwise the minimum wage will fall behind the average wage again over time.
FORBES: Greg Mankiw's Excellent Question: Why a $9 Minimum Wage? Why Not $90? Or 90 cents?
The average wage in both countries is around 14 euros an hour - far higher than in most of eastern Europe.
Condor admitted some of its crew were paid that amount but said they earned four times the average wage in Ukraine.
Fast productivity growth in export industries raises average wage costs across the economy, including in non-traded services where productivity is sluggish.
The prevailing wage is not the actual average wage for a given area but a calculation made by the Department of Labor.
They typically earn only 40% of the average wage of other workers.
Otherwise, the cost of creating incremental temporary jobs via incremental temporary stimulus spending would be less than the average wage, rather than 2.5 times more.
We've raised the minimum wage, and we need to do more to get the minimum wage back where it was historically, roughly half the average wage.
It would be incorrect to assume that nobody learns anything in college, and those who do learn job-relevant skills in college likely bump up the average wage for college graduates.
But in order to compete for the brightest, poor countries need to pay them a much larger multiple of the average wage than would be true in the rich world.
If offshoring were to continue growing at the same rate over the next ten years, the average wage paid in the services sector would fall by 2% as a direct consequence.
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Since incomes over the cap go into the overall wage average, the average wage subject to the Social Security tax is less than the average for all pay, roughly 10 percent less.
And, in a message on Twitter, David Cameron hailed "a big day for welfare reform as we pilot a cap on benefits equal to the average wage" - adding "amazingly Labour oppose it".
Business Secretary Vince Cable told BBC Radio Tees that he believed "most people" agreed with the "basic principles" of the changes - that no-one should be getting more in benefits than the average wage of someone in employment.
FORBES: Greg Mankiw's Excellent Question: Why a $9 Minimum Wage? Why Not $90? Or 90 cents?
The bottom line here is that our standard of living is sinking like a stone and the income gap from top to bottom is at a all time high and the percentage of rate vs. actual dollars in revenues paid is far in favor of the higher income brackets than the average wage earner.
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The average white wage is still five times the average black one.
The average annual wage growth in Pella puts it 426 out of 573 small towns measured by the Policom Corp.
For that money, Mr Bush could have hired 2.5m people to dig holes and another 2.5m to fill them, paying them all America's average annual wage.
Third and most important, the average hourly wage is held down by the great increase of women and immigrants into the workforce over the past three decades.
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