Expectations regarding salaries among American workers hit a record high in November, with younger people expecting the most, according to a Fed survey. “The average reservation wage—the lowest wage respondents would be willing to accept for a new job—increased from $72,873 in July to $73,667 in November, the highest reading of the series. The increase…
Salary Expectations in US Hit New High: Fed Survey
December 23, 2022
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Sky-High Inflation Gives Americans a Wage Cut in March for 6th Month Running
Red-hot inflation has more than eroded the wage gains of Americans for the sixth month in a row in March, effectively giving a pay cut to many workers who saw their paychecks expand on paper but shrink in real terms. The Bureau of Labor Statistics (BLS) said in a recent release that the average hourly earnings…
Raging Inflation Gave American Workers an Effective Pay Cut Even as Nominal Wages Rose
The high-octane stimulus-fueled economic rebound combined with the “Great Resignation” labor crunch has forced U.S. employers to lift wages sharply to attract and retain staff, but while January’s over-the-year wage gains are positive in nominal terms, they disappoint in real terms as the red-hot pace of inflation means many American workers got an effective pay…
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