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Common wage is a statistical indicator representing the imply worth of salaries inside a particular team of workers or financial sector. Calculated by summing all salaries and dividing by the variety of staff, common wage gives an outline of typical earnings in a given inhabitants. Nonetheless, it is essential to notice that the typical could be influenced by excessive values, akin to very excessive or low salaries, which can distort the interpretation of the general wage panorama. Subsequently, different indicators just like the median are additionally thought-about for a extra complete evaluation of wage distribution.
