Another way to increase your earnings to consider looking elsewhere.Research proves, time and time again, that union membership pays – these workers earn more than workers who don’t belong to unions. Join a labor union if they’re available to workers in your industry.(However, research has found that men ask more often - and for good reason.) PayScale’s data show that 75 percent of those who ask get some sort of pay increase. If you’ve never asked for a raise, now might be the time.Also, consider negotiating your next job offer – it could do wonders for both your short-term and long-term earnings.Use PayScale’s Salary Survey to find out whether you’re being paid appropriately. First, it’s always important to know what you ought to be earning.You can’t do much about systemic forces keeping wages low … but you can make a strategy to raise your pay at your current job (or the next one). For decades, there have been large wage gains for people who already earn the most, while wages for workers at the bottom half of the income distribution have been declining or stagnant.Īre you earning the salary you deserve? Take our survey and find out. However, those working at the top are an exception. workers, shows that real wages are now 9.3 percent lower than in 2006. The PayScale Index, which tracks the earnings of employed U.S. Wage stagnation has been a problem for years. The job market is particularly robust with just a 4.0 percent unemployment rate as of this past June. The economy, by many measures, is doing very well. Wage stagnation and income inequality are major factors Read PayScale’s report, The State of the Gender Pay Gap 2018. See how the gender pay gap contributes to the problem. However, a majority of both groups reported feeling dissatisfied overall. Indeed’s research also indicated that men were more likely to feel satisfied with their salaries than women. The tipping point seems to come at around $75k annually – the majority of workers who earn more report feeling happy with their salaries, according to a 2014 study from CareerBuilder. You have to earn a wage that allows for a certain degree of security in order to feel satisfied with your earnings. Here are a few things to keep in mind: 1. Let’s dig into this issue a little more and investigate how you might turn things around. Issues like wage stagnation as well as rising inequality and declining labor share could be to blame. According to a 2018 Indeed survey, only 19 percent of workers are satisfied with their current pay. Many workers are less that thrilled with their earnings these days. Are you happy with your salary? If you’re like most full-time workers in the U.S., the answer is probably no.
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