average industrial wage

Definitions (2)
Popular Terms
1. Operational: Person or persons granted permission to access, manage or make decisions regarding security, operations and financial matters in relation to a business.
2. Average hourly rate paid for employees in a geographical location in all industries except farm employees. When the average industrial wage is known, it can be used as a reasonable estimate for understanding wages paid to workers in the country as a benchmark. Average industrial wage statistics are calculated by the US Bureau of Labor Statistics.

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