hourly wage average
Definition. The term âhourly wageâ describes a rate an employer agrees to pay a worker per hour worked, such as $12 per hour or $17.50 per hour. The âaverageâ or âmeanâ is an estimated hourly rate calculated using the varying hourly rates of a group of workers in a specific occupation.ou determine the average earned by adding the amounts (9+10+11+12+35) and then dividing the total (77) by the number of people (5). In this example, the average hourly wage earned was $15.40 per hour.