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What’s Your Co-Worker’s Salary? Peek Here

Posted By Carole Fleck On January 23, 2013 @ 1:13 pm In Work Matters | Comments Disabled

How much do American workers earn? It just may surprise you.

According to the latest Bureau of Labor Statistics report [2], older men earned the most among workers of all ages. But nobody’s bringing home big fat raises. Our salaries on average went up by only¬†1.4 percent from the year before. Yet the prices for food, utilities and other goods and services rose by 1.9 percent.

Overall, men out-earned women once again. Jobs in professional [3], management and other related occupations paid the highest — $1,340 in median weekly earnings for men and $953 for women.

Conversely, jobs in the services industry paid the least: $550 in median weekly earnings for men and $420 for women.

Here are some of the other eye-opening wages from the last quarter of 2012:

  • $775 was the median weekly earnings for all workers
  • $692 was the median for women, about 79 percent of the $875 median for men
  • $1,035 was the median for men age 55 to 64; $759 for women
  • $997 was the median for men age 45 to 54; $747 for women

Predictably, workers who graduated from college with at least a bachelor’s degree earned more — nearly double, in fact — than those who held only a high school diploma: $1,168 compared with $647 in median weekly earnings. Those who dropped out of school earned $478.

The report also found that getting an advanced college degree pays off. The highest earning 10 percent of men with advanced degrees made at least $3,474 per week, compared with at least $2,343 for women.

Photo credit: Tax Credits via flickr.com [3]

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URL to article: http://blog.aarp.org/2013/01/23/whats-your-co-workers-salary-peek-here/

URLs in this post:

[1] Image: http://blog.aarp.org/wp-content/uploads/2013/01/7027590071_a01cf18c7e3.jpg

[2] Bureau of Labor Statistics report: http://bls.gov/news.release/wkyeng.nr0.htm

[3] Jobs in professional: http://www.flickr.com/photos/76657755@N04/7027590071/

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