Pay Raises in Store for Millions - East Idaho News
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Pay Raises in Store for Millions

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Getty 012715 PayDay?  SQUARESPACE CACHEVERSION=1422371209935iStock/Thinkstock(NEW YORK) — Although the economy is finally showing signs of life after years in the doldrums, many workers say they’re not seeing much difference, primarily because wages have remained relatively flat.

However, things might be changing for millions, according to a PNC Financial Services survey conducted last fall.

Mekael Teshome, PNC Financial Group economist, reports that close to four in 10 small and midsize businesses are prepared to boost paychecks over the first six months of 2015.

And barring an unexpected economic downturn, it looks like there’s more good news on the horizon.

Teshome predicted that PNC’s spring survey is likely to compel employers to be even more generous with raises as the year progresses.

Last week, the Bureau of Labor Statistics reported median weekly earnings during the fourth quarter were about 1.7 percent higher than the same period in 2013.


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