MightyRecruiterMedian wage is the limit between the amount earned by 50 percent of workers who are the lowest paid and 50 percent of workers who are the highest paid in a particular job or industry occupation. Employees who earn median wage would have half of the workers earn more and half less than they do. Median wage differs from mean wages because it does not represent the average of all workers’ earnings but rather is the middle point between the highest and lowest salaries, which can be helpful for understanding the overall salary range of positions in a field of employment.
Related terms:
Legal Disclaimer
The content on our website is only meant to provide general information and is not legal advice. We make our best efforts to make sure the information is accurate, but we cannot guarantee it. Do not rely on the content as legal advice. For assistance with legal problems or for a legal inquiry please contact you attorney.