HelpWanted.com

Only 17% US workers say their pay has risen with inflation

Only 17% US workers say their pay has risen with inflation
Wages are rising at a fast pace for American workers, but prices are rising even faster. According to a survey conducted by Momentive for The New York Times, only 17% of workers said that they have received raises that kept up with inflation over the last year. Most of the rest say that they received wages that lagged price increases or that they have received no raise at all. 8% of survey respondents said that they had taken a pay cut. 

Around 9 in 10 Americans said that they are at least "somewhat concerned" about inflation and 6 in 10 are very concerned. This worry about inflation crosses generational, racial and even partisan lines: 95 percent of Republicans, 88 percent of independents and 82 percent of Democrats say they are concerned. Government data meanwhile shows that wage gains are outpacing inflation, especially in the service sector, where the competition for workers has driven rapid increases in pay.

But in the aggregate, prices have risen faster than the pay in recent months. In November, the Consumer Price Index rose to a four-decade high of 6.8% while average hourly earnings rose 4.8%. Other measures also likewise show pay gains lagging price increases. 

Source: The New York Times 
Tags In
Airforce Athlete Jobs

Previous days news

Jan 4 Jan 3 Jan 2 Dec 30 Dec 27

You might also like

Best tech jobs in the United States : BLS data

For several reasons, the IT sector is appealing to job seekers. ...Read more

Salaries for Californian fast food employees might rise to $22 per hour

Despite the opposition of restaurant owners who worried it would raise customers' bills, California Governor Gavin Newsom on Monday signed a nation-leading law providing more than 500,000 fast food employees additional authority and rights. ...Read more

Workers leave as job dissatisfaction grows

Demands for improved pay and workplace environments are coming from workers in California to New York. ...Read more

Microsoft offers graduates from African nations job prospects in the US & Canada

New graduates from institutions in Nigeria and other African nations have been made aware of job prospects by Microsoft. ...Read more

Casper is hiring professional sleepers

A mattress company is searching for a role where napping while working is not only acceptable but also required. 'Casper Sleepers' are being hired by Casper, a New York-based business established in 2014. ...Read more

Others news
Category
Tags
Media Jobs Olympics Wipro Hospitals Loans Unlock 5 Kerela Govt Interpersonal Communication Recent Jobs Banking Correspondent Network Army Hiring Full Time Workers Workforce Secure Indore Rural India Women Workforce Layoffs At Wipro Coursera AIS Teacher Posts Rajasthan Government Ayurvedic Medical Officer Hiring Tips For Freshers Jobs In ECIL FMCG ITJOBS Work From Home Police Jobs Education System Menstrual Leave Mood Of The Nation Indian IT UPSSSC Airport Jobs Jobs At Amazon Local Jobs Job Cuts Metro Cities Military Communication Sbu Rural India Jobs Hiring In India Gujarat Post Office Professors Gramin Dak Sevaks Agriculture HCL Hiring Artificial Intelligence In Hiring Computer Instructors
Articles

A Quick Look at The Great Resignation

The Great Resignation, as experts call it, is a rather fitting term for a phenomenon where millions ...Read more

The Interviewer's Guide to Conducting Phone Interviews

The job market in the US is slowly gaining traction after the long period of gloom that took the un ...Read more

Top paying Careers in 2021

The economy may be taking its time with recovery, but hiring and job hunting are at an all-time hig ...Read more

The Unionization Wave

From the peak of the pandemic in 2020 through the Great Resignation wave, unionization has been a ...Read more