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

Allwork

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%

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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. .

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Digital Nomads In Mexico City Are Pricing Out Locals

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In neighborhoods such as Condesa and Roma, long-term residents are being priced out of their homes as landlords turn to platforms like Airbnb to make their income. The post Digital Nomads In Mexico City Are Pricing Out Locals appeared first on Allwork.Space.

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New Overtime Pay Eligibility Rule to Impact Over 4 Million U.S. Workers

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Department of Labor has finalized a rule that will significantly expand overtime pay eligibility for millions of salaried workers.

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64% Of Small Businesses Will Not Cut Salaries To Prepare For A Recession

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A new survey shows that businesses are turning to price hikes before slashing employee benefits and salaries as the world braces for a recession. . In order to prepare for an economic downturn, 64% of small businesses and 49% of large companies said they would not cut salaries.

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Will Inflation Impact Pay Raises?

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Inflation is the highest it’s been since 1981 , and the prices of everyday items have increased considerably. Salaries, however, tend not to keep up pace with inflation. Companies keep salaries fixed and only make changes with long-term considerations in mind – such as the inability to reduce wages during market failure. .

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Why The Fed Is Worried About Growing Wage Expectations

Allwork

Additionally, the New York Fed’s Microeconomic SCE Labor Market Survey revealed that the average annual salary expectation grew from $60,310 in July to $61,187 last month — an unsurprising trend given the nature of today’s economic standing and predictions about a future recession. .

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