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Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree (PRDEC6)

Observations

2023: 0.2
Updated: May 28, 2024 5:31 PM CDT
2023:  0.2  
2022:  0.5  
2021:  0.4  
2020:  0.5  
2019:  0.2  

Units:

Percent of Total Paid At or Below Minimum Wage,
Not Seasonally Adjusted

Frequency:

Annual
1Y5Y10YMax
to
Date:
Bar 1 - Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree Vintage: 2023-08-23
Bar 1
(a) Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree, Percent of Total Paid At or Below Minimum Wage, Not Seasonally Adjusted (PRDEC6)
Wage and salary workers are workers age 16 and older who receive wages, salaries, commissions, tips, payments in kind, or piece rates on their sole or principal job. This group includes employees in both the private and public sectors. Workers paid by the hour are employed wage and salary workers who report that they are paid at an hourly rate on their job. Estimates of workers paid by the hour include both full-time and part-time workers unless otherwise specified. All self-employed workers are excluded whether or not their businesses are incorporated. The estimates of workers paid at or below the federal minimum wage are based solely on the hourly wage they report (which does not include overtime pay, tips, or commissions). Salaried workers and other nonhourly paid workers are also excluded. It should be noted that some respondents might round hourly earnings when answering survey questions. As a result, some workers might be reported as having hourly earnings above or below the federal minimum wage when, in fact, they earn the minimum wage. For more information see https://www.bls.gov/cps/earnings.htm#minwage

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    Bar 1 - Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree Vintage: 2023-08-23
    Bar 2
    (a) Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree, Percent of Total Paid At or Below Minimum Wage, Not Seasonally Adjusted (PRDEC6)
    Wage and salary workers are workers age 16 and older who receive wages, salaries, commissions, tips, payments in kind, or piece rates on their sole or principal job. This group includes employees in both the private and public sectors. Workers paid by the hour are employed wage and salary workers who report that they are paid at an hourly rate on their job. Estimates of workers paid by the hour include both full-time and part-time workers unless otherwise specified. All self-employed workers are excluded whether or not their businesses are incorporated. The estimates of workers paid at or below the federal minimum wage are based solely on the hourly wage they report (which does not include overtime pay, tips, or commissions). Salaried workers and other nonhourly paid workers are also excluded. It should be noted that some respondents might round hourly earnings when answering survey questions. As a result, some workers might be reported as having hourly earnings above or below the federal minimum wage when, in fact, they earn the minimum wage. For more information see https://www.bls.gov/cps/earnings.htm#minwage

    Select a date that will equal 100 for your custom index:
      Enter date as YYYY-MM-DD
    to

    Write a custom formula to transform one or more series or combine two or more series.

    You can begin by adding a series to combine with your existing series.

    Type keywords to search for data

      Now create a custom formula to combine or transform the series.

      For example, invert an exchange rate by using formula 1/a, where “a” refers to the first FRED data series added to this line. Or calculate the spread between 2 interest rates, a and b, by using the formula a - b.

      Use the assigned data series variables (a, b, c, etc.) together with operators (+, -, *, /, ^, etc.), parentheses and constants (1, 1.5, 2, etc.) to create your own formula (e.g., 1/a, a-b, (a+b)/2, (a/(a+b+c))*100). As noted above, you may add other data series to this line before entering a formula.

      Finally, you can change the units of your new series.

      Select a date that will equal 100 for your custom index:
          Enter date as YYYY-MM-DD

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      Bar 1
      Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree Vintage: 2023-08-23
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      Bar 2
      Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree Vintage: 2024-05-28
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      Notes

      Title Release Dates
      Wage and Salary Workers Paid at or Below Prevailing Federal Minimum Wage: 16 Years and Over: Professional Degree 2016-04-22 2024-05-28
       
      Source    
      U.S. Bureau of Labor Statistics 2016-04-22 2024-05-28
       
      Release    
      Characteristics of Minimum Wage Workers 2016-04-22 2024-05-28
       
      Units    
      Percent of Total Paid At or Below Minimum Wage 2016-04-22 2024-05-28
       
      Frequency    
      Annual 2016-04-22 2024-05-28
       
      Seasonal Adjustment    
      Not Seasonally Adjusted 2016-04-22 2024-05-28
       
      Notes    
      Wage and salary workers are workers age 16 and older who receive wages, salaries, commissions, tips, payments in kind, or piece rates on their sole or principal job. This group includes employees in both the private and public sectors.
      Workers paid by the hour are employed wage and salary workers who report that they are paid at an hourly rate on their job. Estimates of workers paid by the hour include both full-time and part-time workers unless otherwise specified. All self-employed workers are excluded whether or not their businesses are incorporated.

      The estimates of workers paid at or below the federal minimum wage are based solely on the hourly wage they report (which does not include overtime pay, tips, or commissions). Salaried workers and other nonhourly paid workers are also excluded. It should be noted that some respondents might round hourly earnings when answering survey questions. As a result, some workers might be reported as having hourly earnings above or below the federal minimum wage when, in fact, they earn the minimum wage.
      For more information see https://www.bls.gov/cps/earnings.htm#minwage

      		2016-04-22 2024-05-28

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      Professional Degree Paid Professional Minimum Wage Salaries Workers 16 Years + Federal Wages Bureau of Labor Statistics Annual Nation Public Domain: Citation Requested Not Seasonally Adjusted United States of America

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