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
KamaAina
(78,249 posts)fasttense
(17,301 posts)AP is always bad at doing real news especially if it involves numbers.
passiveporcupine
(8,175 posts)groundloop
(11,518 posts)I hear they get damned good raises each and every year regardless of the economy, their performance, their companies' performance, etc. etc.