Iran Construction Services Price Index: Daily Wage of Unskilled Construction Worker data was reported at 256.200 Apr2011-Mar2012=100 in 2017. This records an increase from the previous number of 242.600 Apr2011-Mar2012=100 for 2016. Iran Construction Services Price Index: Daily Wage of Unskilled Construction Worker data is updated yearly, averaging 167.350 Apr2011-Mar2012=100 from Mar 2010 (Median) to 2017, with 8 observations. The data reached an all-time high of 256.200 Apr2011-Mar2012=100 in 2017 and a record low of 77.000 Apr2011-Mar2012=100 in 2010. Iran Construction Services Price Index: Daily Wage of Unskilled Construction Worker data remains active status in CEIC and is reported by Central Bank of the Islamic Republic of Iran. The data is categorized under Global Database’s Iran – Table IR.I019: Construction Services Price Index: April 11-March 12=100.

United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Construction and extraction occupations: 16 years and over: Women was 720.00000 $ in January of 2021, according to the United States Federal Reserve. Historically, United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Construction and extraction occupations: 16 years and over: Women reached a record high of 802.00000 in January of 2017 and a record low of 480.00000 in January of 2005. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Construction and extraction occupations: 16 years and over: Women - last updated from the United States Federal Reserve on March of 2025.

Average hourly and weekly wage rate, and median hourly and weekly wage rate by North American Industry Classification System (NAICS), type of work, gender, and age group.

The minimum wage in South Korea jumped by 16.4 percent between 2017 and 2018 to reach 7,530 South Korean won per hour. In 2019, the minimum wage increased further to 8,350 won per hour. The repercussions of this move will have both positive and negative economic consequences, with some arguing unemployment will increase as smaller merchants become unable to pay their employees.

South Korea’s workforce

South Korea’s workforce is heavily dependent on the services sector, with over 70 percent employed in this economic sector in 2017. The economic contribution from this sector to the gross domestic product (GDP) of the country was over 50 percent in the same year. The industry sector also employed a large share of the workforce in the country, and around 36 percent of the GDP was attributed to production in this sector.

Economic pressure

In 2019, the unemployment rate in the country peaked at 4.4 percent – the highest percentage since 2010. In particular, the retailing, manufacturing and construction sectors felt the brunt of the minimum wage increase, as employers became reluctant to hire low-paid workers. Along with other economic pressures, the weakened labor market looks set to drive future policy changes within the country.