Why the change in salary levels from a year ago?
Many jobs pay less today than a year or two ago. That is the reality for many jobs in many cities. The big story over the past 3 years has not been salary increases, but salary decreases as senior people have been laid off, retired, left their prior jobs, or been promoted into different higher-paying positions. Also, there has been much market softening in trade-labor rates, with the general economic weakness since 2000 and even greater losses in union negotiating power and job counts in major urban centers. In addition, there is a sea change underway in inter-urban pay relationships, with big cities moving closer together and small towns falling even farther behind in pay as more people move to the big city for slightly better wages. The net effect is that certain low-skill or trade-union jobs are now held by lower-paid people earning less than their predecessors on average, yet grateful to have the work.
Many jobs pay less today than a year or two ago. That is the reality for many jobs in many cities. The big story over the past 3 years has not been salary increases, but salary decreases as senior people have been laid off, retired, left their prior jobs, or been promoted into different higher-paying positions. Also, there has been much market softening in trade-labor rates, with the general economic weakness since 2000 and even greater losses in union negotiating power and job counts in major urban centers. In addition, there is a sea change underway in inter-urban pay relationships, with big cities moving closer together and small towns falling even farther behind in pay as more people move to the big city for slightly better wages. The net effect is that certain low-skill or trade-union jobs are now held by lower-paid people earning less than their predecessors on average, yet grateful to have the work. SalaryExpert US data calculations are based on the US Bureau of Labor Statistics
Many jobs pay less today than a year or two ago. That is the reality for many jobs in many cities. The big story in recent years has not been salary increases, but salary decreases as senior people have been laid off, retired, left their prior jobs, or been promoted into different higher-paying positions. Also, there has been much market softening in trade-labor rates, with the general economic weakness ever since 2000 and even greater losses in union negotiating power and job counts in major urban centers. In addition, there is a sea change underway in inter-urban pay relationships, with big cities moving closer together and small towns falling even farther behind in pay as more people move to the big city for slightly better wages. The net effect is that certain low-skill or trade-union jobs are now held by lower-paid people earning less than their predecessors on average, yet grateful to have the work. SalaryExpert US data calculations are based on the US Bureau of Labor Statistics
