What is Median wage?

Whether you're a beginner or an expert, you will find this Glossary useful.

Median wage refers to the borderline between the highest and lowest (50:50) pay of workers in a specific position or occupation.

Median wage definition

Median wage refers to the borderline between the highest and lowest (50:50) pay of workers in a specific position or occupation. It represents an accurate reflection of the average wage as it cuts the extremes at either end of the scale.



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