8 Cities Where Wages Are on the Rise
Everyone wants to get the most money out of their work, but it seems as if dollars just aren’t stretching as far these days as they used to. In fact, real wages have dropped nearly 7 percent since 2006, meaning that the rate of inflation has outpaced the rate of wage growth by a substantial margin over the past seven years.
However, not all hope is lost. PayScale, a company that specializes in collecting and analyzing data regarding compensation for private sector jobs, forecast that wages will rise in the fourth quarter of 2013, bringing the annual increase in wages to 0.8 percent. The gains are especially significant in the media and publishing sector, which features the highest annual increase in wages, and in the energy sector, which has reversed a trend of lagging wage growth by posting above-average numbers in past growth.
Not only are all jobs not made alike with respect to wage growth, but different regions of the country have seen wages rise and fall at varied rates, as well. Let’s take a look at the eight cities in the U.S. with the fastest-growing wages.