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Omaha Steve

(99,618 posts)
Thu Jun 12, 2014, 02:11 PM Jun 2014

Pay raises go mainly to those in select industries

Source: AP-EXCITE

By BERNARD CONDON

NEW YORK (AP) — If you hope to get a raise that finally feels like one, it helps to work in the right industry.

Pay for all kinds of workers should be rising by this point in the economy's recovery. But five years after the Great Recession officially ended, raises remain sharply uneven across industries and, as a whole, have barely kept up with prices. Overall pay has been rising about 2 percent a year, roughly equal to inflation.

The best raises have gone to workers with specialized skills in a few booming industries — energy, transportation, health care, technology. Those in retail or government have been less fortunate.

"If you're in an in-demand field, with the right skill set, the chance of getting a raise is much higher," says Katie Bardaro, an economist at PayScale, a pay-tracking firm.

FULL story at link.


Read more: http://apnews.excite.com/article/20140612/us--getting_a_raise-c0b2a6b6ca.html

4 replies = new reply since forum marked as read
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Pay raises go mainly to those in select industries (Original Post) Omaha Steve Jun 2014 OP
Like the nonprofit sector? KamaAina Jun 2014 #1
Actually overall pay for workers has NOT kept up with inflation and you are now working for less. fasttense Jun 2014 #2
I hear banking pays well passiveporcupine Jun 2014 #3
How do I get a job in the CEO industry? groundloop Jun 2014 #4
 

fasttense

(17,301 posts)
2. Actually overall pay for workers has NOT kept up with inflation and you are now working for less.
Thu Jun 12, 2014, 03:41 PM
Jun 2014

AP is always bad at doing real news especially if it involves numbers.

groundloop

(11,518 posts)
4. How do I get a job in the CEO industry?
Thu Jun 12, 2014, 09:09 PM
Jun 2014

I hear they get damned good raises each and every year regardless of the economy, their performance, their companies' performance, etc. etc.

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