# How much is a 3 raise per hour?

## Pay Raise Per Hour?

When an employer says they are giving an employee a “\$3 raise per hour”, they mean that the employee’s hourly wage will be increased by \$3. So, for every hour the employee works, they will earn an additional \$3 than what they were earning before.

Example:
If an employee was originally earning \$10 per hour and they received a \$3 raise, their new hourly wage would be \$13 per hour.

Breaking It Down Over Time:
Let’s see the cumulative effect of this raise over different periods:

Hourly:

Old wage: \$10
New wage after \$3 raise: \$13
Daily (assuming an 8-hour workday):

Old wage: \$10 × 8 = \$80
New wage after \$3 raise: \$13 × 8 = \$104
Difference: \$104 – \$80 = \$24 more per day
Weekly (assuming a 5-day workweek):

Old wage: \$80 × 5 = \$400
New wage after \$3 raise: \$104 × 5 = \$520
Difference: \$520 – \$400 = \$120 more per week
Monthly (assuming about 4 weeks in a month):

Old wage: \$400 × 4 = \$1,600
New wage after \$3 raise: \$520 × 4 = \$2,080
Difference: \$2,080 – \$1,600 = \$480 more per month
Yearly (assuming 12 months in a year):

Old wage: \$1,600 × 12 = \$19,200
New wage after \$3 raise: \$2,080 × 12 = \$24,960
Difference: \$24,960 – \$19,200 = \$5,760 more per year

From the above breakdown, you can see that a seemingly small raise of \$3 per hour can lead to a significant increase in an employee’s take-home pay over the course of a year.

However, it’s essential to remember that these calculations are simplistic and don’t take into account taxes, benefits, overtime, and other potential factors that might affect an individual’s net income.

Check out Salary inflation calculator