Career Calling

August 8, 2015

Benefits Up. When Will Salary Follow?

Filed under: Economics — claycerny @ 6:32 pm
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USA Today had some good news: benefits are on the rise. Companies offering paid maternity leave have increased over the last year from 12% to 21%. Over the same period, paid sick leave has increased from 33% to 42%. Family leave is up from 19% to 24%. The article even cited some companies that are offering “unlimited vacation.”

This all sounds good. However, as I’ve noted in recent posts, income is not rising in a significant way for most Americans. Payscale offers an informative chart that demonstrates how little pay in the U.S. has changed from 2007 to the Present. Benefits are good only when they are needed. Wage increases give people more control over their lives, more of a feeling of security.