September 15, 2017 Comments (0) Views: 527 Connect Classroom

Jobs with the Fastest Wage Growth

American workers finally started to realize wage growth last month. Research by Glassdoor Local Pay Reports noted annual median base pay grew by 2% year-over-year in August, to $51,556.

So, which jobs experienced the biggest pay increases? It was actually truck drivers that earned the crown of top wage growth, with a 5.7% year over year increase to $52,079.  Baristas and insurance agents also saw their wages jump 5.7%. That beat out store managers’ wages, which was up 3.2% to $48,422, and cashiers, up 3.7% to $27,701.

Part of the pay growth for truckers is being driven by increased demand for deliveries to online shoppers.

Attorneys saw the biggest decline in wage growth last month, dropping 3% to a median annual salary of $92,241.

Economists surmise that the wage growth is being fueled by a labor shortage. That notion is supported by an unemployment rate resting at 4.3% in July, which may force wages even higher.

Read more at USA Today


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