Pay Raises Struggle to Outpace Inflation

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The bad news: this year will be another year of modest pay increases. The worse news: inflation might eat up those gains, the Associated Press reports.


The only good news may be that workplace standouts might eke out bonuses and other cash incentives from employers.


U.S. employers are planning to increase base salaries by 3.7 percent this year, just a bit higher than the average 3.6 percent rise they granted in 2005, according to a survey by Mercer Human Resource Consulting.


Read the full Associated Press story

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