U.S. Workers See Modest Wage Growth
A tight labor market with unemployment rates near historic lows has been good for workers in the United States. According to Glassdoor's Local Pay Reports, median base pay in the U.S. rose 1.8% in September to $54,491, a slight increase from 1.6% in August, but well off January's peak of 3.5%.
Rising wages are a positive, but Glassdoor chief economist Andrew Chamberlain put the numbers in perspective in his remarks in a press release. "At this snail's pace of wage growth, it will take roughly 40 years for U.S. median annual pay to double," he said.
Retail workers remain in high demand heading into the holiday season. Image source: Getty Images.
Source: Fool.com
