Compensation in the US 2-24-24

US  Average annual salaries by occupation for 147.866 million employees range from $30,000 for light work to $50,000 for technicians to $100,000 for engineers to $246.440 for CEOs.

https://www.bls.gov/oes/current/oes_nat.htm#00-0000 

Compensation costs peaked in 2022 at 1.4% and declined in 2023 to 0.9%.

https://www.bls.gov/news.release/pdf/eci.pdf

Median weekly earnings of full-time workers were $1,145 in the fourth quarter of 2023. $59,540 per year.

https://www.bls.gov/opub/ted/2024/median-weekly-earnings-of-full-time-workers-were-1145-in-the-fourth-quarter-of-2023.htm

The BLS Productivity increase for 2023 was low at 1-2%.

https://www.bls.gov/opub/ted/2024/nonfarm-business-sector-productivity-increased-1-2-percent-in-2023.htm

In Q2 2023 Job gains were 8.1 million, job losses were 7.8 million with net job gains of 332,000.

https://www.bls.gov/opub/

Computer and mathematical occupations had employment of 5.0 million and an annual mean wage of $108,130 in May 2022. Software developers was the largest computer and mathematical occupation, with 1.5 million jobs and an annual mean wage of $132,930.

https://www.bls.gov/oes/

Wage and Salary information is available on-line.

https://www.glassdoor.com/Salaries/index.htm

https://www.glassdoor.com/Salaries/electrician-salary-SRCH_KO0,11.htm

https://www.indeed.com/career/salaries

https://www.shmoop.com/careers/career-salaries.html

shmoop.com lists salaries for jobs from Cashier $18k, Administrative Assistant $35k, Carpenter $39.9k, Fire Fighter $42k, Chef $47k, Plumber $49.1k, Home Care Nurse $62k, etc.

https://www.shmoop.com/careers/career-salaries.html

Rental costs have quietly doubled over the past 20 years.

https://www.rentcafe.com/average-rent-market-trends/us/

Comments

US workers who earn less than $30,000 per year need to either have a spouse that also makes $30,000 per year or a roommate who makes $30,000 per year to pay for shelter. Rent costs in the US average $1372 per month. The US average Apartment Rent costs is $1702 for 900 sq feet. Apartment rent in big cities is higher and is lower in smaller cities. If $1500 per month is a good average, annual apartment rent is $18,000 per year. 36% of US households are renting.

When you add food inflation and energy inflation, It requires an annual household income of $60,000 to make ends meet.

Norb Leahy, Dunwoody Tea Party Leader