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 Subject: Average working wage Category: Business and Money > Economics Asked by: eclectrician-ga List Price: \$4.00 Posted: 06 Aug 2006 14:56 PDT Expires: 05 Sep 2006 14:56 PDT Question ID: 753200
 ```If all wages made in the USA were split evenly between every adult American what would this average wage be? Also, what about a world average wage?```
 Subject: Re: Average working wage Answered By: scriptor-ga on 06 Aug 2006 16:57 PDT Rated:
 ```Dear eclectrician, Here is what I was able to fing out: - Total amount of wages paid in the USA in 2005 (preliminary data): \$ 5,352,118,704,000 - Total US population of 18 years and over on 1 July 2005: 222,940,420 If the 5.35 billiards were divided up equally among the entire adult population (workers and non-workers) of the USA, every adult person would get a share of \$ 24,006.9464 for the year 2005. Unfortunately, it is not possible to make a similar calculation relating to the entire world due to the lack of data. Not even the United Nations, the World Bank or one of their suborganizations, which are collecting huge amounts of statistical data, have information on how much wages are paid worldwide. However, in the data collections of the World Bank I found data about the approximate 2004 worldwide gross income per capita which is \$ 6987 according to their calculation methods. It is not exactly what you are looking for, but maybe that information will be of use for you. Regards, Scriptor Sources: U.S. Department of Labor, Bureau of Labor Statistics: Quarterly Survey of Employment and Wages http://data.bls.gov/PDQ/outside.jsp?survey=en U.S. Census Bureau: National Population Datasets http://www.census.gov/popest/datasets.html World Bank: GNI per Capita 2005, Atlas Method and PPP http://siteresources.worldbank.org/DATASTATISTICS/Resources/GNIPC.pdf```
 eclectrician-ga rated this answer: `Great answer! Thank you very much.`

 Subject: Re: Average working wage From: jack_of_few_trades-ga on 07 Aug 2006 05:25 PDT
 ```US GDP is \$12.36 trillion (as of 2005). US Population 15 and older (I know that is not exactly what you want) is 237 million. That is \$52,372 per adult (15 and over). World GDP is \$60.71 tillion. World Population 15 and older is 4,736 million. That is \$12,819 per adult (15 and over). Data from the CIA World Factbook (using purchasing power parity): https://www.cia.gov/cia/publications/factbook/index.html```
 Subject: Re: Average working wage From: neilzero-ga on 17 Aug 2006 16:17 PDT
 ```Hi jack: Only about half of the GDP = gross domestic product is wages, even if you stretch the definition of wages. If we award the inept equally with the shakers and movers, we will discover many of the later are over cautious especially if we punish them for bad short term performance. This could easily halve the GDP. Socialism and communism don't work well, and typically lots of ceating occurs, besides poverty for up to 99% of the population. Neil```
 Subject: Re: Average working wage From: jack_of_few_trades-ga on 18 Aug 2006 04:53 PDT
 ```Thanks for the "wage" clarification. I figured in this question that GDP as a whole would matter more than wages because someone in the US sees the benefit of the GDP in one form or another (and same goes for every country). I should have stuck to wages though since that was the official question.```