Friday, October 21, 2011

USA! USA! USA!

Geez.
The government has released the first official payroll data for 2010. As you might expect, the numbers aren’t too encouraging. The “raw” average wage--net compensation divided by total number of workers--was $39,959.30, according to the data from the Social Security Administration. But the median wage is far lower: 50 percent of workers earned less than or equal to $26,363.55 for 2010.

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