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wages rising

While reading the MONEY section on cnn.com, I came across the following...thought I would share....

Forty-three percent of economists surveyed by the National Association for Business Economics (NABE) said their firms have increased wages in the last three months. That's up from last year, when only 19% of economists were reporting wage gains.

Even if wages aren't going up at your workplace, the tide of cutting wages might be done. No one reported pay cuts at their firm, while 57% said wages were flat.

As for the future, 35% of economists said they expect their firms to raise wages in the next three months with the other expecting wages to stay the same.

The survey is of 79 economists who represent a variety of industries. About 40% of their firms employ 1,000 people or more.

Federal Reserve Chair Janet Yellen has said she wants to see wages rise faster than inflation this year so households experience a real increase in their take-home pay.

"If we were to fail to see that, frankly, I would worry about downside risk to consumer spending," she said at a press conference in June.

The Bureau of Labor Statistics is scheduled to release its latest data on inflation and real earnings on Tuesday at 7:30 a.m. CT.

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