Hourly Wage facts
While investigating facts about Hourly Wage Calculator and Hourly Wage To Salary, I found out little known, but curios details like:
Henry Ford introduced a $5 min wage. The move made national news as it constituted double the industry norm—and double the pay of most of Ford’s own employees. He also reduced the working day from 9 hours to 8 —becoming one of the first companies in America to adopt the 40-hour work week.
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Entrepreneur George F. Johnson pioneered 40 hour workweeks, paid industry-leading wages, sold homes to employees at a loss, built parks, pools, medical facilities, etc. and still turned a profit with his 10,000 employee company.
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In my opinion, it is useful to put together a list of the most interesting details from trusted sources that I've come across answering what hourly wage is 40000 a year. Here are 31 of the best facts about Hourly Wage Calculator Uk and Hourly Wage To Salary Calculator I managed to collect.
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It was Henry Ford, founder of Ford Motor Company, that established the 5-day, 40-hour work week. He switched his workers from the standard 6-day, 48-hour workweek, but still paid them the same wages.
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During his six years as an Associate Justice, Hughes judged as a progressive, ruling in favor of state laws pertaining to eight hour work days, minimum wage, and Congress" ability to regulate business.
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Para athlete Jeff Skiba and Ronda Rousey worked for Home Depot as part of Home Depot's Olympic Job Opportunity Program which pays athletes a full time wage who are working part time hours and training at the same time for their sport.
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In Japan, thousands of unemployed and low-wage workers have taken to living in 24 hour internet cafes
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Getting an extra one hour of sleep per week increases wages by 5% on average
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California utilizes over 3,000 prison inmate firefighters, paid $1 per hour, saving the state up to $100 million per year in wages.
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Egyptian president suffered a heart attack the following day after the Ten Hour War Israel had waged against Egypt
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In 2014 only 4% of hourly workers made minimum wage down from 13% in 1979, and of those, about 1/2 are under the age of 25
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There is no male-female wage gap, unemployment is higher among men than women, and men work an average of 8.75 hours per day on the job versus 8.01 hours per day women work on the job. Differences in male/female pay can be explained by reasons other than discrimination.
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In North Carolina the Wage and Hour Act does not require mandatory rest breaks or meal breaks for employees 16 years of age or older. The only required rest breaks or meal breaks are for youths under 16 years of age.
Hourly Wage data charts
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The average hourly wage in the US is $24.57.
There is no minimum wage in Denmark, but McDonalds employees still earn $20 an hour. And the price of the BigMac is still cheaper than in the US. - source
Lyft Express drivers in San Francisco make around $11.26 an hour, less than $13 minimum wage working for Burger King - source
The gender wage-gap is a myth, with men having better paying jobs & working longer hours than women on average.
If each Fantasy Football player in the US and Canada spends just one hour a week updating their roster, conducting trades, etc at work, an estimated $16B will be lost by employers in productivity and wages - source
How to calculate hourly rate when salary?
The minimum Federal hourly wage in the US was $1.40 an hour in 1967, which in 2017 dollars is about $10.37 an hour.
How to calculate hourly wage?
In 1979, a student working a minimum-wage job could pay for a year's tuition at MSU by working 182 hours. In the year 2013, a year's tuition at the same University would take 991 hours of minimum-wage work. (Roughly 5.5x as much.)
In USA an employer of a tipped employee is only required to pay $2.13 an hour in direct wages
Pegatron, The Chinese factory that assembles Apple iPhones. It has been criticized for child labor, forced overtime and work weeks of 66 hours over six 11-hour days. Pay - $1.50 p/h before overtime. It’s half the average monthly income of $764 and far below the basic living wage in Shanghai.
Goodwill considers themselves a charity because they hire disabled people even though they get government grant money for it and pay them less than minimum wage by using an old law. Some workers have been paid as little as 22 cents an hour.
Costco pays it's employees $20 an hour, while the minimum wage is $7.25 (Jul 2015)!
Hourly wage infographics
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Minimum wage from 1965-1981 adjusted for inflation, because I'm tired of adults telling us they made "2 dollars an hour" when they were kids
