The cities where sky-high wage growth is outpacing inflation - Silicon Valley Business Journal

Inflation continues to outstrip employee pay gains nationally — but there are some places around the U.S. where workers' pay gains are outpacing rising expenses.according to data from payroll and benefits platform Gusto

Overall, wages nationally stood at an average of $32.92 per hour, according to Gusto. That tracks closely with the $32.

“Amid record-high inflation and a job market in which workers still hold the power, employers are feeling the pressure to pay a premium for labor in all markets — not just large coastal cities,” said Gusto Economist Luke Pardue. “While workers in some cities, largely in the South, have seen pay outpace inflation, most have not.

Another month of high inflation, and the potential for continued wage hikes during a period of near-record unemployment, comes as small-business owners are struggling to compete on salaries with their bigger counterparts.in the United States, Canada and the United Kingdom, found 66% had given larger than usual pay increases over the last 12 months. About 21% of U.S. small businesses described the raises as “significantly larger.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Why Ampere Computing CEO Renee James is optimimistic amid possible recession - Silicon Valley Business JournalThe former Intel President's chipmaking startup is thriving despite broader industry turmoil.
Источник: svbizjournal - 🏆 334. / 59 Прочитайте больше »

Meta's massive layoffs spark concern over Bay Area economy - Silicon Valley Business JournalBusiness is already slowing at some financial institutions and loan performance is deteriorating.
Источник: svbizjournal - 🏆 334. / 59 Прочитайте больше »

SoftBank Vision Fund faces $100 million loss on FTX investment - Silicon Valley Business JournalOn the same day that FTX filed for bankruptcy, SoftBank revealed how much money it invested in the failing cryptocurrency exchange operator.
Источник: svbizjournal - 🏆 334. / 59 Прочитайте больше »

Jabil plans site closures and 1,000+ temporary layoffs in California - Silicon Valley Business JournalThe global tech manufacturer is briefly suspending more than 1,300 employees in California in connection to the closure of manufacturing facilities in San Jose, Fremont and four other cities.
Источник: svbizjournal - 🏆 334. / 59 Прочитайте больше »