Investment Dictionary:

Average Industrial Wage

The mean hourly rate of pay for workforce members of a given geographical area, such as a country or province, excluding farm employees. This measurement serves as a reasonable proxy for the wage rate of the average worker in a given country, and is used by labor organizations and employers as a benchmark.

Investopedia Says:
Statistics such as the average industrial wage are often calculated by national survey organizations such as the U.S. Bureau of Labor Statistics and Statistics Canada, and can be compared with a region's rate of inflation to determine the relative increases in individual income levels.

Related Links:
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone. Macroeconomic Analysis
The economy has a large impact on the market, so investors should know how to interpret these eleven indicators. Economic Indicators to Know


 
 
 

Join the WikiAnswers Q&A community. Post a question or answer questions about "Average Industrial Wage" at WikiAnswers.

 

Copyrights:

Investment Dictionary. Copyright ©2000, Investopedia.com - Owned and Operated by Investopedia Inc. All rights reserved.  Read more

Search for answers directly from your browser with the FREE Answers.com Toolbar!  
Click here to download now. 

Get Answers your way! Check out all our free tools and products.

On this page:   E-mail   print Print  Link  

 

Keep Reading

Mentioned In: