News > In hot job market, salaries start to swell for white-collar workers

In hot job market, salaries start to swell for white-collar workers

Salaried employees are joining hourly workers in getting hefty raises, thanks to the hot job market and inflationary pressures that are also boosting pay for workers including waiters and warehouse staff. US professionals toward the end of this year saw their compensation jump at the fastest rate in nearly 20 years.

Hanging over bigger paychecks is the spectre of inflation running near an annual rate of 7%, the highest in 39 years.