49% of workers got a pay raise in 2019—here's how to get one in 2020. (via CNBCMakeIt)
report from Bankrate.com
About 55% of those making more than $50,000 saw a pay increase this year, while 64% of those earning less than $30,000 saw no positive change in their income.that he wasn't surprised that only half of workers got pay raises this year, especially since companies have moved away from the practice of giving regular raises to keep wages consistent with inflation.
"It's partly because we've got a slow-growth economy. And in a slow-growth economy, both consumers and businesses have to be deliberate about where they spend and where they don't," he says. "Another contributing factor is just the supply and demand dynamic. Employees that are difficult to replace, that really move the needle, they get paid. And those that can be more easily replaced, they have less bargaining power.
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