Local workers got an average 5% increase in wages and salary last year compared to 4.6% nationally.
. The index tracks what bosses pay in wages and salaries for 15 regions – including a local area comprising Los Angeles, Orange, Riverside, San Bernardino, and Ventura counties – as well as national patterns. Local data dates to the end of 2006.It’s the ninth consecutive year Southern California pay raises topped what US workers got.
Southern California pay hikes for 2023 ranked No. 5 of the 15 regions, topped by Philadelphia , Washington, DC , Miami , and Seattle . The Bay Area was second-to-last at 3.9%. Houston raises were lowest at 3.7%In 2022, Southern California raises ran 5.8% compared with 5.3% nationally. And in 2021, local hikes averaged 5.5% vs. 4% nationally. That 1.5 percentage-point advantage was the largest gap in this pay benchmark’s 17-year history.
The substantial pay hikes help explain how the local economy keeps afloat despite the region’s lofty cost of living – not to mention high inflation rates. The average Southern Californian during the past three years got a 5.4% raise while local Consumer Price indexes jumped 5.8% annually.During the nine-year winning streak, Southern California workers enjoyed 4.2% average raises compared with 3.3% nationally – and 0.9 percentage-point advantage for the region.
Those Southern California raises were the largest among the 15 US regions. No. 2 was Phoenix at 3.8% then Seattle at 3.7%. The Bay Area was No. 6 at 3.4%. Again, Houston raises were lowest at 2.7% This was quite a switch from the previous eight years – economic times scarred by a real estate bust, a global financial crisis, and the Great Recession. Between 2007 and 2014, Southern California pay raises only averaged 2% compared to 2.1% nationally – a 0.1 percentage-point shortfall locally.City of LA removes 50-plus homeless RVs.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
SoCal Sound 88.5 adds Matt Pinfield as afternoon DJ Andy Chanley leaves townRichard Wagoner also writes this week about the best local radio programming in Southern California.
Read more »
Workers at 34 Southern California hotels getting pay hikes, other perksUnite Here Local 11’s newly ratified labor contracts include a $10 hourly wage increase for some hotel workers.
Read more »
Hospitality workers ratify new contract with 34 Southern California hotels, press 30 others to signThousands of Southern California hospitality workers have ratified a new contract with 34 hotels after repeated strikes since the summer. Their union says they will keep fighting for deals with more than two dozen others.
Read more »
Hospitality workers ratify new contract with 34 Southern California hotels, press 30 others to signThousands of Southern California hospitality workers overwhelmingly ratified a new contract with 34 hotels after repeated strikes since the summer.
Read more »
Jill Biden's swing through Southern California: Fundraisers, protesters and a stop at SoulCycleThe first lady swung through Southern California, championing the Biden administration's work for women and LGBTQ people. Protesters over the Mideast war followed.
Read more »
Hospitality workers ratify new contract with 34 Southern California hotels, press 30 others to signThousands of Southern California hospitality workers have ratified a new contract with 34 hotels after repeated strikes since the summer. Their union says they will keep fighting for deals with more than two dozen others. Unite Here Local 11 announced Monday that workers won higher pay and increased employer contributions to pensions.
Read more »