Wage inflation across the United States hasn’t been a concern for at least a generation.
During the crushing inflation of the late 1970s, increasing salaries by 10 to 20% year over year would only keep flat an employee’s purchasing power. Today, pay bumps like that are the stuff of a big promotion. That’s because year-over-year price inflation in this country hasn’t crossed even 3% since before The Great Recession. READ MORE