what was the average hourly wage in 1973?

.manual-search-block #edit-actions--2 {order:2;} Cash money isnt the only way workers are compensated, of course health insurance, retirement-account contributions, tuition reimbursement, transit subsidies and other benefits all can be part of the package. Specificationson how such visits were defined are included. Aggregate family income increased by 9.2 percent between 1972 and 1973, stemming from a 1.3 percent increase in the number of families (680 thousand net additional families) and a 7.9 percent increase in mean income per family. This was up considerably from 1960, when the average annual salary was just over $4,000 a year. Source:Federal Reserve Bank of St. Louis, CPI Inflation Formula: CPIx-1-CPIx CPIx*100, The Consumer Price Index (CPI) is a measure of the average change over time in the prices paid by urban consumers for a representative basket of consumer goods and services,with respect to a given base year with value 100. In addition to the above, there is also a Hospital Wage Survey for Selected Occupations covering West Virginia only. Aggregate household money income in constant 1974 dollars was down 3 percent in 1974 compared with 1973. [1] This series gross up earlier years wages so that all years earnings up to age 60 are put on equal footing. Some content on this site is available in several different electronic formats. Of the 55.1 million families (including families with civilian or military heads) in the United States as of March 1974, 5.1 million, or 9.3 percent received incomes of $25,000 or more in 1973. salary.com WebAWI series and underlying data, 1973-84 [Number of workers in thousands; aggregate wage amounts in millions] Year AWI series 1 SSA raw data 2 IRS raw data from income tax returns; Amount Increase Average amount Number of workers Aggregate wages Average amount Number of workers Aggregate wages; 1973: 6.26%: 70,555: $133,705 Historically, the average salary in the United States goes up every year and goes up by a few thousand or more every 10 years. And pensions? Those two figures came from the yearly list of National Average Wage indexing series. Use the following hyperlinks to see values for AL, AZ, AR, CA, CO, CT, DE, FL, GA, ID, IL, IN, IA, KS, KY, LA, ME, MD, MA, MI, MN, MS, MO, MT, NE, NV, NH, NJ, NM, NY, NC, ND, OH, OK, OR, PA, RI, SC, SD, TN, TX, UT, VT, VA, WA, WV, WI, WY. Had the minimum wage risen at the same pace as productivity after 1968, it would be nearly $19 per hour today. 123-130. The value of the dollar The last increase to the minimum wage was in 2009, when it was set at the current rate. Hourly wage averages are broken out for 24 major American cities. Secure .gov websites use HTTPS Details the prices of a variety of foodstuffs on pp. Average incomes increased from $12,400 in 1966, and to $36,890 in 1978. byOCCUPATION Shows typical student jobssuch as cashier, tutor, gardener, etc, along with. Number of workers. Census statistics date back to 1790 and reflect the growth and change of the United States.