Across the U.S., Workers at the Bottom of the Ladder Get Pay Raises

Across the U.S., Workers at the Bottom of the Ladder Get Pay Raises

Are you always feeling strapped for cash? Well, we’ve got some good news coming your way. The Wall Street Journal is reporting that full-time workers in the 25th percentile, about $13/hr, are seeing their pay increase at the fastest rate since the recession. While this does increase a company’s costs, it allows for them to attract higher quality talent and reduce employee turnover. Companies ranging from McDonalds to JP Morgan are increasing pay for their lowest paid employees, putting more pressure on their competitors to do the same.

 

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