United States - Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Less than 1 Year of High School was 21.00000 Thous. of Persons in January of 2021, according to the United States Federal Reserve. Historically, United States - Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Less than 1 Year of High School reached a record high of 245.00000 in January of 2010 and a record low of 18.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Less than 1 Year of High School - last updated from the United States Federal Reserve on March of 2025.

This paper presents new data documenting the cost of salaried labor in 20 Latin American and Caribbean countries. We gather data on the three main costs associated to hiring salaried labor; (i) minimum wages and other monetary benefits, (ii) mandated contributions for social insurance and other benefits and (iii) job security provisions. We present two new indicators. First, we calculate the average non-wage cost of salaried labor (NWC). This indicator answers the following question: for the average wage, what additional share of wages must be satisfied by workers and employers to fulfill all the law mandated non-wage costs of a legal salaried relationship. Our second indicator combines these non-wage costs with the nominal restriction that legal wages cannot be lower than the minimum wage. We calculate the annual dollar value of paying a worker the minimum wage plus all mandated non-wage costs as a share of GDP per worker. This constitutes the minimum cost of salaried labor (MCSL). We highlight seven important facts; (i) The average non-wage cost of salaried labor (NWC) for the region is 49% of wages. (ii) There is a large dispersion across countries like Argentina, Brazil and Peru with costs around 70% of wages and countries like Trinidad and Tobago, Jamaica and Chile with cost less than 40% of wages. (iii) Mandatory contributions are the most important component of the average non-wage cost of salaried labor with 27.3% of wages followed by additional benefits with 13.8% of wages while job security provisions account for another 8.4%. (iv) On average, mandated contributions from employers amount to 17.5% of average annual wages, versus 9.8% of mandated contributions from employees. (v) The minimum cost of salaried labor (MCSL) is on average 39% of GDP per worker. (vi) Variation of the MCSL across countries is even larger. For countries like Mexico, Trinidad and Tobago or the Dominican Republic the MCSL it is below 15% of GDP per worker while the minimum cost of hiring a salaried worker in Honduras is 95% of GDP per capita. (vii) Despite having below average NWC, the five poorest countries in our sample are those presenting the highest MCSL, due to high minimum wages relative to GDP per worker.

Graph and download economic data for Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma (LHSDC9) from 2002 to 2023 about paid, secondary schooling, secondary, minimum wage, salaries, workers, 16 years +, education, federal, wages, and USA.

Graph and download economic data for Income Before Taxes: Wages and Salaries by Quintiles of Income Before Taxes: Lowest 20 Percent (1st to 20th Percentile) (CXU900000LB0102M) from 1984 to 2023 about percentile, salaries, tax, wages, income, and USA.

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Graph and download economic data for Income Before Taxes: Wages and Salaries by Income Before Taxes: Less Than $15,000 (CXU900000LB0218M) from 2015 to 2023 about salaries, tax, wages, income, and USA.

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In 2023, the median hourly earnings of wage and salary workers in the United States was 19.24 U.S. dollars. This is an increase from 1979, when median hourly earnings were at 4.44 U.S. dollars. Hourly Workers The United States national minimum wage is 7.25 U.S. dollars per hour, which has been the minimum wage since 2009. However, each state has the agency to set their state minimum wage. Furthermore, some cities are able to create their minimum wage. Many argue that the minimum wage is too low and should be raised, because it is not considered a living wage. There has been a movement to raise the minimum wage to 15 U.S. dollars per hour, called “Fight for 15” which began in the early 2010s. While there has been no movement at the federal level, some states have moved to increase their minimum wages, with at least three states and the District of Columbia setting minimum wage rates at or above 15 dollars per hour. More recently, some proponents of increasing the minimum wage say that 15 dollars is too low, and lawmakers should strive toward a higher goal, especially given that a 2021 analysis found that the minimum wage in the U.S. should be 22.88 U.S. dollars if it grew at the same rate as economic productivity. Salary Workers On the other hand, salary workers in the United States do not get paid on an hourly basis. The median weekly earnings of salary workers have significantly increased since 1979. Asian salary workers had the highest hourly earnings in the U.S. in 2021. Among female salary workers, those ages 45 to 54 years old had the highest median hourly earnings in 2021, likewise for male salary workers.

United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Asian was 295.00000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Asian reached a record high of 383.00000 in January of 2016 and a record low of 259.00000 in January of 2022. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Asian - last updated from the United States Federal Reserve on March of 2025.

United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over was 5921.00000 Thous. of Persons in October of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over reached a record high of 9339.00000 in April of 2006 and a record low of 5221.00000 in July of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over - last updated from the United States Federal Reserve on March of 2025.

United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Hispanic or Latino: Women was 1166.00000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Hispanic or Latino: Women reached a record high of 1315.00000 in January of 2006 and a record low of 983.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Hispanic or Latino: Women - last updated from the United States Federal Reserve on March of 2025.

United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Foreign born was 3813.00000 Thous. of Persons in January of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Foreign born reached a record high of 4582.00000 in January of 2007 and a record low of 3210.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Foreign born - last updated from the United States Federal Reserve on March of 2025.

United States - Wage and Salary Workers Paid at Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma was 57.00000 Thous. of Persons in January of 2021, according to the United States Federal Reserve. Historically, United States - Wage and Salary Workers Paid at Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma reached a record high of 630.00000 in January of 2010 and a record low of 57.00000 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Wage and Salary Workers Paid at Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma - last updated from the United States Federal Reserve on March of 2025.

United States - Wage and Salary Workers Paid Hourly Rates: 16 Years and Over: Less than 1 Year of High School was 2425.00000 Thous. of Persons in January of 2021, according to the United States Federal Reserve. Historically, United States - Wage and Salary Workers Paid Hourly Rates: 16 Years and Over: Less than 1 Year of High School reached a record high of 3576.00000 in January of 2005 and a record low of 2217.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Wage and Salary Workers Paid Hourly Rates: 16 Years and Over: Less than 1 Year of High School - last updated from the United States Federal Reserve on February of 2025.

United States - Wage and Salary Workers Paid at Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma was 0.70000 % of Total Paid Hourly Rate in January of 2021, according to the United States Federal Reserve. Historically, United States - Wage and Salary Workers Paid at Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma reached a record high of 6.40000 in January of 2010 and a record low of 0.70000 in January of 2021. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Wage and Salary Workers Paid at Prevailing Federal Minimum Wage: 16 Years and Over: Less than a High School Diploma - last updated from the United States Federal Reserve on March of 2025.

United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Women was 1910.00000 Thous. of Persons in January of 2021, according to the United States Federal Reserve. Historically, United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Women reached a record high of 3094.00000 in January of 2000 and a record low of 1829.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Wage and salary workers: Less than a High School diploma: 25 years and over: Women - last updated from the United States Federal Reserve on March of 2025.

United States - Wage and Salary Workers Paid Hourly Rates: 16 Years and Over: Less than 1 Year of High School was 3.20000 % of Total Paid Hourly Rate in January of 2021, according to the United States Federal Reserve. Historically, United States - Wage and Salary Workers Paid Hourly Rates: 16 Years and Over: Less than 1 Year of High School reached a record high of 4.70000 in January of 2002 and a record low of 3.00000 in January of 2020. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Wage and Salary Workers Paid Hourly Rates: 16 Years and Over: Less than 1 Year of High School - last updated from the United States Federal Reserve on March of 2025.

United States - Employed full time: Usual weekly nominal earnings (first quartile): Wage and salary workers: Less than a High School diploma: 25 years and over: Women was 412.00000 $ in January of 2020, according to the United States Federal Reserve. Historically, United States - Employed full time: Usual weekly nominal earnings (first quartile): Wage and salary workers: Less than a High School diploma: 25 years and over: Women reached a record high of 412.00000 in January of 2020 and a record low of 247.00000 in January of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Usual weekly nominal earnings (first quartile): Wage and salary workers: Less than a High School diploma: 25 years and over: Women - last updated from the United States Federal Reserve on March of 2025.

United States - Employed full time: Usual weekly nominal earnings (first decile): Wage and salary workers: Less than a High School diploma: 25 years and over: Men was 415.00000 $ in April of 2021, according to the United States Federal Reserve. Historically, United States - Employed full time: Usual weekly nominal earnings (first decile): Wage and salary workers: Less than a High School diploma: 25 years and over: Men reached a record high of 423.00000 in April of 2019 and a record low of 244.00000 in July of 2000. Trading Economics provides the current actual value, an historical data chart and related indicators for United States - Employed full time: Usual weekly nominal earnings (first decile): Wage and salary workers: Less than a High School diploma: 25 years and over: Men - last updated from the United States Federal Reserve on February of 2025.

United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Less than a High School diploma: 25 years and over was 776.00000 $ in October of 2024, according to the United States Federal Reserve. Historically, United States - Employed full time: Median usual weekly nominal earnings (second quartile): Wage and salary workers: Less than a High School diploma: 25 years and over reached a record high of 776.00000 in October of 2024 and a record low of 356.00000 in July of 2000. 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: Less than a High School diploma: 25 years and over - last updated from the United States Federal Reserve on March of 2025.