Majority of Americans did not get a pay raise this year

From MarketWatch:

Although the economy saw new peaks in 2018, not all Americans report reaping the benefits. 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.

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Despite those disparities, 91% of Americans say they have the same or greater confidence in the job market than they did one year ago…

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