
Most Americans Haven’t Had a Pay Raise in 3 Years
Even as inflationary pressures have risen, most people haven't seen a wage increase since the start of the pandemic, study shows.
Even as inflationary pressures have risen, most people haven't seen a wage increase since the start of the pandemic, study shows.
Pay is beginning to catch up in the race, and since May, has been rising faster than inflation after losing ground for more than two years.
Under proposed changes from the Dept. of Labor, any salaried employee making less than $55,000 per year, or $1,059 per week, would be eligible for overtime. That would be a significant jump from the current cutoff at $35,568 per year.
Firms need to consider technology as an opportunity – not a challenge - to help drive efficiency and overcome their top five talent-related challenges.