There's good news from economists, and it could be
beneficial for your paycheck. If you've been thinking
about asking for a raise, now may be the best time.
Economists say you're more likely to get one this
That's according to a survey by the National Association
for Business Economics. They poll economists from
a variety of different industries. And this year,
the results look promising.
The poll found that 43% said their firms have given
pay bumps in the last three months. That's up from
only 19% last year.
And the news gets better. None of the economists surveyed
reported pay cuts. Plus, one third of them expected
raises in the near future.
Of course, not everything about the study was positive.
The biggest problem economists are seeing right now
is wages have not been keeping up with inflation.
Real wages were lower in may than they were a year
ago, down a tenth of a percent. And that's a big concern
for the Federal Reserve.
Federal Reserve Chair Janet Yellen said last month
she wanted to see wags rebound faster than inflation.