More than Half of Americans Say They Didn't Get a Pay Raise this Year (marketwatch.com)

Although the economy saw new peaks in 2018, not all Americans report reaping the benefits. An anonymous reader shares a report: The majority of workers say they saw no salary increases this year, according to a new survey. More than 60% of Americans said they didn't get a pay raise at their current job or get a better-paying job in the last 12 months, according to a survey released Wednesday from finance site Bankrate.com. Meanwhile, executives have seen a surge in compensation, according to an August study from the Economic Policy Institute. The average chief executive officer at the 350 largest firms in the U.S. received $18.9 million in compensation in 2017, the study showed, a 17.6% increase over 2016. Despite those disparities, 91% of Americans say they have the same or greater confidence in the job market than they did one year ago, according to Bankrate.com.

Comments

H-1B Visa

[Anonymous Coward]

The oversupply of labor from foreign engineers who hold H-1B visas reduces or eliminates pay raises for American engineers. Most foreign engineers come from India.

In 2016, Donald Trump promised to immediately suspend the H-1B program upon his becoming president. He broke his promise.