The national
wage index rate witnessed a 6.56 percent growth in March with 163.01 points against 6.48 percent growth in February with 162.35 points.
January 2019 marks other changes based on the increase in the national average
wage index. For example, the maximum amount of earnings subject to Social Security payroll tax, as well as the retirement earnings test exempt amount, will change in 2019.
Under these conditions, labor productivity growth in 2013 compared to 2008 should be at least equal to the average
wage index so productivity in 2013 would have been of 20139.63.
Thereafter it is likely to decline based on the increasing
wage index. Longer term, this supplemental payment remains uncertain pending the results of the 2020 census being incorporated into the calculation, which is not expected before 2024.
An average-wage worker earns the average wage in the economy every year, based on Social Security's estimate from the average
wage index (AWI).
The Area
Wage Index, computed by the Center for Medicare and Medicaid Services, captures the hospital wage level in an area relative to the national average and serves as a proxy for overall hospital prices.
The recommendation is based on a
wage index from the nation's statistics office which showed an average 3.2 percent rise in wages over the last 18 months.
Other adjustments that would normally take effect in January, based on changes in the national average
wage index, also will not need to be made.
According to the Monster
Wage Index Report from October 2014, combining the United States, United Kingdom, Spain and Germany, in the legal field, women earn 40 percent less than men.
* Military pensions are automatically adjusted based on the median
wage index. Civilian pensions depend on special adjustments that may or may not correspond to the median
wage index.
Greek household disposable income has dropped by more than 30 percent since the crisis began and the
wage index has fallen by 25 percent since its peak in 2010.
