Emsi displays industry earnings as two separate values: “Wages and Salaries” and “Supplements” (or the total, “Earnings”).
Wages and salaries are equivalent to QCEW reported earnings. The BLS defines wages and salaries as including “bonuses, stock options, severance pay, the cash value of meals and lodging, tips and other gratuities. In some states, wages also include employer contributions to certain deferred compensation plans, such as 401(k) plans. Covered employers’ contributions to old-age, survivors, and disability insurance; health insurance; unemployment insurance (UI); workers’ compensation; and private pension and welfare funds are not reported as wages. Employee contributions for the same purposes, however, as well as money withheld for income taxes, union dues, and so forth, are reported, even though they are deducted from the worker’s gross pay.”
Supplements come from the BEA’s State and Local Personal Income datasets. The BEA’s definitions of supplements and relevant terms are the following:
- Supplements to wages and salaries consist of employer contributions for government social insurance [FICA/FUTA] and employer contributions for employee pension and insurance funds.
- Employer contributions for employee pension and insurance funds consist of employer payments to private and government pension plans and to private insurance funds such as for group health and life insurance; workers’ compensation; and supplemental unemployment insurance.