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Various news outlets have reported that most employers are only planning to increase salaries by an average of 4% in 2024, which is a slight decrease from the average raise in 2023 at about 4.3%.
Younger workers seem to experience this the most, with 33% of Gen Z workers and 18% of millennials offered a promotion without a raise within the last 12 months, compared with 7% of Gen X workers ...
In addition, salaries have fallen by an average of 8.2% in the same time period. Despite this, house prices have ballooned by an average of 56% in the last five years. Stats like these may be ...
The Fair Minimum Wage Act of 2007 [3] is a US Act of Congress that amended the Fair Labor Standards Act of 1938 to gradually raise the federal minimum wage from $5.15 per hour to $7.25 per hour. It was signed into law on May 25, 2007 as part of the U.S. Troop Readiness, Veterans' Care, Katrina Recovery, and Iraq Accountability Appropriations ...
U.S. unemployment rate and employment to population ratio (EM ratio) Wage share and employment rate in the US Employment-to-population ratio, also called the employment rate, [1] is a statistical ratio that measures the proportion of a country's working age population (statistics are often given for ages 15 to 64 [2] [3]) that is employed.
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Shutterstock I got this recently from a reader: Dear J.T., I need a raise - FAST! I just found out my co-worker is making 20 percent more than me. What's frustrating is she started six months ...
According to research by Mintel, women are 50% less confident about asking for a raise compared to men -- 42% of men feel confident about asking for a pay increase compared to just 22% of women.