Americans are flocking to these 10 cities where salaries have risen 25% or more in the last 5 years

95C3F12C-006B-4C69-999D-F51044746638

In a world of stagnant wages and rising costs of living, moving to a place where you can grow your income feels like a solid bet. And many American cities offer just that.

Financial advice website SmartAsset analyzed data for the 500 largest U.S. cities to determine the top “boomtowns” in the country. These areas are not only attracting new residents but feature thriving economies and ample housing. The site considered seven metrics in its ranking, including change in household income over a five-year period. It also looked at population change, unemployment rate, number of jobs created, GDP growth rate, business growth rate and housing growth.

To compile the list, SmartAsset used data from the U.S. Census Bureau’s 2014 and 2018 1-year American Community Surveys, the Bureau of Labor Statistics, the U.S. Bureau of Economic Analysis and the U.S. Census Bureau’s County Business Patterns Survey.

Here’s a look at 10 of the top boomtowns where household income rose more than 25% in five years.

Continue reading… “Americans are flocking to these 10 cities where salaries have risen 25% or more in the last 5 years”

0

Almost 80% of US workers live from paycheck to paycheck. Here’s why

IMG_8015

America doesn’t have a jobs crisis. It has a ‘good jobs’ crisis – where too much employment is insecure, and poorly paid.

The official rate of unemployment in America has plunged to a remarkably low 3.8%. The Federal Reserve forecasts that the unemployment rate will reach 3.5% by the end of the year.

But the official rate hides more troubling realities: legions of college grads overqualified for their jobs, a growing number of contract workers with no job security, and an army of part-time workers desperate for full-time jobs. Almost 80% of Americans say they live from paycheck to paycheck, many not knowing how big their next one will be.

Continue reading… “Almost 80% of US workers live from paycheck to paycheck. Here’s why”

0

Job growth is faster in states that raised minimum wage

minimum wage

The 13 states that raised their minimum wages on Jan. 1 have added jobs at a faster pace than those that did not.

The Department of Labor released new data that suggests that raising the minimum wage in some states might have spurred job growth, contrary to what critics said would happen.

 

 

Continue reading… “Job growth is faster in states that raised minimum wage”

0

Ex-smokers earn more than those who have never smoked

It has been well documented that smokers make less money than nonsmokers, but it’s less widely known that former smokers earn a 7% wage premium over people who have never smoked, according to an analysis of nearly two decades of U.S. data by Julie L. Hotchkiss of Georgia State University and M. Melinda Pitts of the Federal Reserve Bank of Atlanta.

 

 

Continue reading… “Ex-smokers earn more than those who have never smoked”

0

Average Wall Streeter makes 5.2 times more than the average New Yorker

Wall Steeters are richer and harder to find than your average New Yorker.

The Office of the New York State Comptroller each year does a deep dive into Wall Street employment and compensation. The office has released its report for 2012, and as usual Wall Street salaries trounced the average New Yorker’s.

 

 

Continue reading… “Average Wall Streeter makes 5.2 times more than the average New Yorker”

0

Does internship compensation pay?

Internship compensation – does it pay?

Unpaid internships are a hot topic right now in light of the recent slew of compensation-based class action lawsuits. And with only 36.9% of companies still offering interns less that minimum wage or no compensation at all, it’s clear that relying upon unpaid interns is more damaging than many employers assume. (Infographic)

Continue reading… “Does internship compensation pay?”

0

Employees share their salary secrets

Comparing salaries among colleagues has long been a taboo of workplace chatter,

Brian Bader said at the orientation for a tech-support job with Apple Inc. that human-resources managers ran down the list of guidelines workers were expected to follow. Don’t use explicit language on calls with customers. Treat other employees with respect. And, he says, they told the assembled recruits, don’t discuss your pay with co-workers.

 

 

Continue reading… “Employees share their salary secrets”

0