Wage growth is slowing down and workers have noticed — now it’s up to employers to find new ways to keep their talent from walking.
According to the Bureau of Labor Statistics, wage growth slowed from 6% in 2022 to 4% in 2024; meanwhile, Bankrate found that 60% of workers feel their income has not kept up with the cost of living. Yet employees need a solid salary more than ever, as restarted student loan payments, inflated child care costs and record rent prices are just a few factors leaving workers feeling financially pinched.
