U.S. workers are about to see their biggest raise in more than a decade

Americans are in line for their biggest wage increase in more than a decade, according to a report released Wednesday, as companies struggle against a tight labor market and high inflation.

Businesses are expected to bump up pay an average 3.9 percent in 2022, according to the Conference Board report. That’s the fastest wage growth since 2008. READ MORE

Companies plan 3.9% wage boost in 2022, highest rate since 2008

CFOs setting company prices and wages for 2022 confront the prospect that a flare-up of inflation during much of 2021 may spark wage increases that, in turn, lead to bigger price gains. READ MORE

Low-wage workers are getting 'eye-popping' pay raises, Goldman Sachs says

Low-wage workers are making "eye-popping" gains in their paychecks, according to Goldman Sachs.

The bank told clients in a note Thursday that low-wage-worker pay rose 5.3% year-over-year in the second quarter. For the third quarter, the data isn't complete yet, but preliminary readings are on pace for a three-decade high of 6%. READ MORE