National Average Wage Index
E181924
The National Average Wage Index is a measure published annually by the U.S. Social Security Administration that reflects the average wages subject to Social Security taxes across all covered workers.
All labels observed (1)
| Label | Occurrences |
|---|---|
| National Average Wage Index canonical | 1 |
How this entity was disambiguated
This entity first appeared as the object of triple T1605576 — resolving that mention is where its identity was fixed. The disambiguator weighed these candidate entities and picked the highlighted one (or “None”, minting a new entity). This is how homonymy is resolved: the same surface form can point to different entities.
Target entity: National Average Wage Index Context triple: [Social Security wage base limit, isBasedOn, National Average Wage Index]
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A.
Bureau of Labor Statistics
The Bureau of Labor Statistics is the principal U.S. federal agency responsible for collecting, analyzing, and disseminating essential economic data on labor market activity, prices, and productivity.
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B.
Consumer Price Index
The Consumer Price Index is a key economic indicator that measures changes over time in the average prices paid by consumers for a basket of goods and services, commonly used to track inflation and adjust income-related benefits.
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C.
United States Department of Labor
The United States Department of Labor is a federal executive department responsible for promoting the welfare of wage earners, improving working conditions, and overseeing labor-related laws and programs in the United States.
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D.
Prices and Production
Prices and Production is a seminal economic work by Friedrich Hayek that develops his theory of the business cycle and the role of monetary disturbances in causing economic fluctuations.
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E.
S&P/Case-Shiller Home Price Indices
The S&P/Case-Shiller Home Price Indices are widely followed benchmarks that track changes in U.S. residential real estate prices across various regions and market segments.
- F. None of above. chosen
- G. Unsure - the case is ambiguous/there is not enough information to decide.
Target entity: National Average Wage Index Target entity description: The National Average Wage Index is a measure published annually by the U.S. Social Security Administration that reflects the average wages subject to Social Security taxes across all covered workers.
-
A.
Bureau of Labor Statistics
The Bureau of Labor Statistics is the principal U.S. federal agency responsible for collecting, analyzing, and disseminating essential economic data on labor market activity, prices, and productivity.
-
B.
Consumer Price Index
The Consumer Price Index is a key economic indicator that measures changes over time in the average prices paid by consumers for a basket of goods and services, commonly used to track inflation and adjust income-related benefits.
-
C.
United States Department of Labor
The United States Department of Labor is a federal executive department responsible for promoting the welfare of wage earners, improving working conditions, and overseeing labor-related laws and programs in the United States.
-
D.
Prices and Production
Prices and Production is a seminal economic work by Friedrich Hayek that develops his theory of the business cycle and the role of monetary disturbances in causing economic fluctuations.
-
E.
S&P/Case-Shiller Home Price Indices
The S&P/Case-Shiller Home Price Indices are widely followed benchmarks that track changes in U.S. residential real estate prices across various regions and market segments.
- F. None of above. chosen
Statements (48)
| Predicate | Object |
|---|---|
| instanceOf |
economic index
ⓘ
labor market indicator ⓘ wage index ⓘ |
| appliesTo |
Social Security–covered employment
ⓘ
workers covered by Social Security ⓘ |
| country |
United States of America
ⓘ
surface form:
United States
|
| covers |
Social Security
ⓘ
surface form:
OASDI program
United States Social Security system ⓘ
surface form:
Old-Age, Survivors, and Disability Insurance program
|
| dataSource |
earnings subject to Federal Insurance Contributions Act taxes
ⓘ
wage records reported to the Social Security Administration ⓘ |
| firstOrderStatistic | average wage ⓘ |
| frequency | annual ⓘ |
| geographicCoverage |
United States of America
ⓘ
surface form:
United States
|
| governingBody |
Social Security Administration
ⓘ
surface form:
U.S. Social Security Administration
|
| hasAbbreviation | NAWI ⓘ |
| isDifferentFrom |
Consumer Price Index
ⓘ
surface form:
CPI-U
Consumer Price Index ⓘ
surface form:
CPI-W
Consumer Price Index ⓘ federal minimum wage ⓘ median wage ⓘ |
| isPublishedBy |
Social Security Administration
ⓘ
surface form:
U.S. Social Security Administration
|
| isTimeSeries | true ⓘ |
| jurisdiction | United States Social Security system ⓘ |
| language | English ⓘ |
| measureOf |
average wages subject to Social Security taxes
ⓘ
covered earnings under Social Security ⓘ |
| program | U.S. Social Security program ⓘ |
| publisher |
SSA
ⓘ
Social Security Administration ⓘ
surface form:
U.S. Social Security Administration
|
| relatedTo |
Social Security wage base limit
ⓘ
surface form:
Social Security bend points
Social Security benefit computation ⓘ Social Security taxable maximum ⓘ earnings indexing for primary insurance amount ⓘ |
| scope | national ⓘ |
| sector | public sector statistics ⓘ |
| taxBase |
OASDI-covered wages
ⓘ
Social Security taxable earnings ⓘ |
| timeUnit | year ⓘ |
| unitOfMeasure | U.S. dollars ⓘ |
| usedBy |
Social Security Administration
ⓘ
surface form:
U.S. Social Security Administration
|
| usedFor |
adjusting historical earnings for benefit computation
ⓘ
calculating Social Security benefit formulas ⓘ indexing Social Security earnings ⓘ indexing bend points in the Social Security benefit formula ⓘ indexing earnings limits for certain beneficiaries ⓘ indexing the contribution and benefit base ⓘ updating Social Security contribution and benefit parameters ⓘ |
| website | https://www.ssa.gov/oact/cola/AWI.html ⓘ |
How these facts were elicited
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You are a knowledge base construction expert. Given a subject entity and a description of it, return factual statements that you know for the subject as a JSON list of dictionaries(triples), where keys must be "subject", "predicate" and "object". The number of facts may be very high, between 25 to 50 or more, for very popular subjects. For less popular subjects, the number of facts can be very low, like 5 or 10. # Requirements - If you don't know the subject at all, return an empty list. - If the subject is not a named entity, return an empty list. - Include at least one triple where predicate is "instanceOf". - Do not get too wordy. - Separate several objects into multiple triples with one object.
Subject: National Average Wage Index Description of subject: The National Average Wage Index is a measure published annually by the U.S. Social Security Administration that reflects the average wages subject to Social Security taxes across all covered workers.
Referenced by (1)
Full triples — surface form annotated when it differs from this entity's canonical label.