2000 Wage and Fee Survey
Posted Dec 01, 2000 in LMT Surveys
Going rates get going in
Our 2000 Wage and Price Survey results are in: fees have increased, salaries for experienced technicians are up and wages for beginning technicians are stagnant.
In April, LMT reported on the upbeat and optimistic outlook that laboratory owners have about the state of their businesses. Our 2000 Wage and Price Survey also brings good news. Fees have increased, profitability is up and owners' annual salaries are on the rise.
A comparison of our 1998 and 2000 Wage and Price Surveys shows that overall, national laboratory fees have increased by an average of 17.4%. In addition, the average nationwide price for each type of restoration has increased across the board in the past two years, some as high as 24%. Following are examples of increases in nationwide average fees for this year:
• An all-ceramic inlay/onlay is up 20% to $120.01.
• Indirect composite...