Friday, September 12, 2008

Salaries Not Keeping Pace with Inflation

Americans' salaries are not keeping up with inflation according to this article at Consumer Affairs.com. As the cost of living rises at a faster pace than the average American worker's salary, he experiences the actual effects of a loss of income.

Pay raises of 3.8 per cent are simply not going to keep pace with the 5.5 percent rise in consumer prices and tight budgets have forced companies to freeze wages in some cases.

But getting a raise is not impossible, if you are worth it to the company. Employers can't afford to raise wages for all employees, but often will reward top employees they can't afford to lose.

The bottom line? If you want a raise, you are going to have to work for it.

1 comment:

Free Music said...

i agree it is not keeping pace with it