Consumer

Pay raises anticipated for 2022

By April Hettinger

Published December 9, 2021 6:45 AM

(KYMA, KECY) - If you are employed, there's a good chance you'll get a bigger raise next year.

That's according to the latest wage survey from non-profit research group The Conference Board.

According to the survey, base pay may increase by an average of 3.9% in 2022.

That's the largest one-year projected hike since 2008.

Why the pay bump?

Well, nearly half of employers in the survey say the labor shortage has created the need to offer higher wages to attract workers.

And, new workers making more money may inspire current workers to demand more as well.

Employers also cited high inflation.

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April Hettinger

April was born and raised in San Diego where she loved the beach town and her two dogs, Lexi and Malibu. She decided to trade the beach for the snow and advanced her education at Northern Arizona University in Flagstaff.

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