Thursday 19 October 2017

Expect pay demands in IT as stagnated salaries rise

There are plenty of people across the economy who have not had a pay rise in a decade. (stock image)
There are plenty of people across the economy who have not had a pay rise in a decade. (stock image)
Dan O'Brien

Dan O'Brien

How much are people earning, what sort of pay rises are they getting and what do recent salary developments mean for the wider economy and individual industries?

There are plenty of people across the economy who have not had a pay rise in a decade. Subdued pay rates may have made life easier and simpler for companies and their accounts departments, but they have caused no little frustration for many wage slaves over quite some time.

The good news - from a worker's perspective, if not necessarily for employers - is that earnings are rising at their fastest clip since the crash, and they appear to be firmly on an upward trajectory (see chart).

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