When Ms. Smith graduated from the University of Pennsylvania in 1986, big firms could not raise salaries fast enough: Less than an hour after she reported for her first day at a top-paying New York firm, all the new associates were told that they were being given a $10,000 raise.
In East New York, Brooklyn, for example, at least 50percentt of new apartments should be affordable to working people who earn modest salaries: fast-food workers, retail workers, car wash workers, domestic workers, and others who struggle to put food on the table one of the richest big cities in the world.
Wages and salaries rose faster than consumption in four out of the past five years.
The article details the low salaries, stressful, fast-paced work, too-short tea breaks, expensive housing and feud over unionizing permanent workers that are fueling the strike (The Telegraph).
Part of the damage of Silicon Alley's collapse was its demoralizing effect on workers who were suddenly jolted from a life of feeling entitled to high salaries and fast career growth.
Wage-earners get hit because employers won't be able to raise salaries as fast as prices.
WAMU reports that teachers who receive "highly effective" ratings will be eligible for significant salary increases faster than was previously possible.
A final factor that provides an important context for the interactions among managers, supervisors and staff is the economic constraints [ Block 1] that keep the staff salaries in fast food restaurants near minimum wage.
Salaries have grown faster than the rate of inflation, which means consumers can afford more.
In their letter, the lawmakers said that from 1998 to 2010, the rate for contractor salaries grew 53 percent faster than the rate of inflation.
