USA Today reports that wages may be going up. The problem is that increases tend to be in certain professions and areas. Following an analysis by payroll processor ADP, the article claims that key trades are seeing pay increases between 3.8 and 7.2%. Interestingly the biggest pay increases have come in companies with 1,000 or more employees (5.9%). Smaller companies have offered lower raises: 500-999 employees (2.9%), 50-499 employees (2.5%), and 49 workers of less (2.9%). By region, the Midwest (4.4%) and West (4.4%) are earning more than those in the Northeast (3.0%) and South (2.6%). If these numbers are accurate, it's good news for workers in the right trade in the right area. Hopefully the good news will continue to grow and spread.
Posted: October 22, 2015