Workers in the New York metropolitan area earn an average hourly wage nearly
30 percent higher than the rest of the nation, according to a new study by the
Bureau of Labor Statistics’ New York office.
Based on May 2007 data, chief executives earn an average of $93.37 an hour,
surgeons make $89.78 and orthodontists rake in $87.09, driving salaries in the
area to an average of $25.38 per hour, according to the report. They are the top
three hourly occupations in the area.
Average hourly wages in the local area — which includes the five boroughs,
Westchester County and northern New Jersey-were higher than those in the rest of
the country in all 22 major occupational groups that were tracked. The highest
wage differential came in the construction and extraction group, which at $27.91
an hour was nearly 43 percent above the national average.
The study tracked more than 700 jobs ranging from automotive technicians
($18.68 an hour) to zoologists ($19.82 an hour). The salaries were capped at a
little more than $200,000 so the average would retain significance. In case you
were wondering, nuclear engineers earn $46.83 an hour.
“What’s interesting is the wealth of jobs in this city and the diversity of
positions,” said Michael Dolfman, director of the BLS New York office. “It shows
the strength of the economy.”
Management and legal occupations are the two highest-paid occupational
groups, with management professionals earning $62.07 and those in legal
positions making $56.12. The lowest-paid workers were in food preparation and
serving, earning $11.95, though this was still significantly above the national
average of $9.35.
The largest occupational group in the area was office and administrative
support, which accounted for nearly 1 million workers, or 19.5 percent of
employment.
Frank Braconi, an economist at the city comptroller’s office, said New York’s
salary premium was not surprising because workers in urban areas tend to make
more than those in other locales.
“You’re looking at New York versus the United States,” he said. “If you were
to look at New York versus San Francisco or versus Chicago or versus Boston, the
difference wouldn’t be as large.”
He also said the premiums must mean New York workers are more productive than
workers elsewhere in the country.
“New York companies would not be able to survive paying that wage
differential unless there was an offsetting production advantage to being in New
York,” he said.
The high rate of unionization, the high cost of living and high educational
attainment were other factors contributing to the salary differential.
Filed by Daniel Massey of Crain’s New York Business, a sister publication of
Workforce Management. To comment, e-mail editors@workforce.com.
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