pay rate | ||
---|---|---|
Non-supervisory employee compensation | 0.444 | work hours / hour |
Supervisory employee compensation | 0.956 | work hours / hour |
U.S. Federal minimum wage | 0.129 | work hours / hour |
Wages and salaries vary depending on the relative negotiating power of the employee and the employer. At the low end, employers pay the minimum possible wages that will allow the employees to continue to arrive at the job site and perform their work. The current metrics, shown above under the "supervisory" employee category, demonstrate that employees with the bargaining power to walk away from job offers are still generally offered salaries just below the actual labor time value.