Well… is this a surprise? Wages increased 3.6% this year well ahead of inflation at 3.1% but the MSM and AP in particular paint it as bad news.
A rebounding economy and improving job market aren’t translating into big pay raises for U.S. workers, who’ll get an average 3.6 percent increase this year. Some workers, though, might find something extra in their paychecks if their bosses are really pleased with their work.
Results of a survey released Tuesday by Mercer Human Resource Consulting show the size of the average raise this year is little changed from 2004, when pay hikes averaged 3.5 percent. But the increases are generally helping workers stay ahead of inflation, which has risen at annual rate of 3.1 percent so far this year.
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