Median Salaries Unchanged from Year Ago
According to the current Bureau of Labor Statistics (BLS ) news release on weekly earnings for the second quarter of 2014, the median weekly earnings for a full-time worker was $780 virtually unchanged from year ago levels. The median wage indicates that the same number of people earned more than $780 as earned less working a full-time job.
The data was collected as part of the Current Population Survey, a nationwide sample survey of households conducted by the BLS.
Wages By Education
Wages vary based on a variety of factors including experience but education played a major factor. Full-time workers age 25 and over without a high school diploma had median weekly earnings of only $492. Assuming an average 40 hour work week that would be an average of $12.30/hr. High school graduates with no college earned an average of $666 per week, those with a Bachelors Degree earned an average of $1098 while those with advanced degrees earned an average of $1,377. [Continue reading]