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Wages are finally starting to rise

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2.6%: the job number that matters most to your paycheck. It’s how much worker wages rose in the past year. Believe it or not, it's the best rise for wages since 2008. Now, wage growth has been absent from the improving jobs market. There are a couple problems there. The kinds of jobs that have been created are lower-wage jobs with fewer benefits. Companies have been able to make more money, stash more money in the bank, and give more money to shareholders, instead of giving raises to their workers. Fed chief Janet Yellen can’t start raising interest rates until a stronger job market translates into higher wages.
More on the plight of the American worker: http://cnnmon.ie/1KA6jAc

Published in: Economy & Finance

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