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Inflation is Pushing Up Salaries, But Who Pays the Price?

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Consumer prices rose 8.2% One side effect of rising inflation and costs is the need to increase salaries. Those higher labor costs, in turn, are often passed on to consumers in the form of higher prices. . The post Inflation is Pushing Up Salaries, But Who Pays the Price? Core inflation climbed 0.6%

Salary 246
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You’re Not Alone: 54.7% Of U.S. Salaries Haven’t Kept Up With Inflation

Allwork

salaries haven’t kept up with inflation. This isn’t shocking; historically, salaries do not keep up with inflation. . consumer price index (CPI) currently sits at a four-decade high of 9.1% , and according to the survey, men are 33.3% more likely than women to have their salary matched to the CPI. .

Salary 334
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Commuting costs continue to put strain on office worker finances

Workplace Insight

UK employees are suffering higher cost-of-living expenses, especially due to transportation costs and tensions may rise as many companies enforce return-to-office policies. According to the poll, most hybrid and remote employees highlighted travel costs as the highest overall expenditure they have when attending the workplace.

Finance 59
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It now costs more to commute by train than by car in the UK

Workplace Insight

percent from the beginning of March, Good Travel Management has look into the cost of commuting into the UK’s major cities to find out how much it’s really costing people to get to work. According to the report, on average, it costs Brits £421.42 London workers also pay the most for petrol, costing on average £4.08

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This Inexpensive Degree Could Kickstart A Lucrative Career

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The median annual salary among the top paying applied associates degree career paths is roughly $70,000. . Degrees that cost around $20,000 can yield a starting salary of roughly $80,000. Applied associates degrees are similar to trades, as you are trained in a skill that is directly applicable to an intended job. .

Salary 321
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Cost of living forcing people to seek out sources of extra income

Workplace Insight

Workers are looking for new jobs, asking for extra shifts, or taking on side hustles to make ends meet as everyday expenses eat up a bigger chunk of their pay cheques. A new Qualtrics study claims that 77 percent of workers say it’s harder to pay for their living expenses than it was a year ago.

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The Biggest Financial Mistakes to Avoid in Your 20s

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Soaring food prices: grocery prices have increased by 25% over the past four years. A turbulent housing market: 2023 was the most expensive home-buying year in a decade. He recommends identifying monthly core expenses and then identifying discretionary spending. “If Contract workers have a scarcity mindset,” he says.