In Hot Job Market, Salaries Start to Swell for White-Collar Workers

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Walmart workers aren’t the only ones getting raises. Wages are rising for lawyers and bankers too.

Salaried employees are joining hourly workers in getting hefty raises, thanks to the hot job market and inflationary pressures that are also boosting pay for workers including waiters and warehouse staff.

U.S. professionals toward the end of this year saw their compensation jump at the fastest rate in nearly 20 years, federal data show. Hanging over bigger paychecks is the specter of inflation running near an annual rate of 7%, the highest in 39 years, meaning rising prices will cut into and in some cases decimate the real value of wage gains.

 

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Good, pay your student loans.

They are essential workers. Without bankers/finance guys, salaries are not processed and pensions not invested. Without lawyers/enforcement, criminals get away. Without techs, no internet/communication tools. They’re as important. Most of recent grads are in employment.

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These were not the essential jobs that kept the world running through the pandemic

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that's a very interesting way to address raises that haven't been adequately following the economy for the past 60 year, but now have seen some minor improvements.

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Walmart workers getting wages raising! But their working hours are now less! It is walmart.

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