The news on the job market has been bleak for the last few years. Layoffs, pay cuts and furloughs have been a reality for many American workers. Some people who lost jobs and managed to find new ones are working for less money. Many employers have frozen salaries for the last couple of years.
According to the Mercer 2009/2010 U.S. Compensation Planning Survey Update, the average pay raise was 3.2 percent in 2009 and is projected to be only 2.7 percent in 2010. And those figures are only for workers who actually got or will get raises.
Have you gone several years without a pay raise? Or even worse, has your pay been cut? What has it done for morale at your workplace? Does it make you less motivated, or are you just happy to have a job? Has seeing the rapid increase of certain executive salaries in this economy made you angry? Tell us about it.
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