The median wage is one of the most accurate measures of typical earnings within an economy. Unlike the average wage, which can be skewed by extremely high or low incomes, the median wage represents the midpoint of all earnings—offering a clearer view of what most workers truly earn. Understanding how the median wage is calculated and what influences it helps policymakers, businesses, and individuals assess income distribution, wage equality, and overall economic health. This guide explores the concept, calculation, global comparisons, and limitations of median wage, providing valuable insights into how it shapes labor market analysis and economic decision-making.