Record High Percentage of American Workers Expect Wage Increases

Manufacturing workers at the LCI Industries glass components plant in Elkhart, Indiana. (Photo: AP)

With numerous gauges of consumer optimism hitting all-time highs and U.S. companies announcing tax reform-related bonuses, wage increases and other benefits, American workers are more confident than ever that they will get a salary boost in the near future. The percentage of full-time American workers who expect wage increases by the end of the year is now at the highest level ever recorded since tracking began in April 2009.

A new Rasmussen Reports national telephone and online survey finds that 54% of American adults who work full-time believe they will be earning more money a year from today, up from 46% in August and the highest percentage ever. That includes 61% of men and 46% of women.

Only 7% believe they will be making less money in a year, while 35% say they will earn about the same amount.

According to the Bureau of Labor Statistics (BLS) monthly jobs report for the Labor Department, unemployment among black Americans is at the lowest level ever record. Now, 54% of whites, 44% of black Americans and 56% of other minority groups expect wage increases.

Most (56%) full-time American workers continue to believe the best opportunity for career advancement is to stay put.

Meanwhile, The Rasmussen Reports Economic Index rose four points to 132.7 in December, the second highest finding since President Donald Trump took office and in the three years of tracking.

About the Survey

The survey of 1,000 American Adults was conducted on January 16-17 by Rasmussen Reports, with a subsample of 576 full-time workers responding to the questions below. The margin of sampling error is +/- 3 percentage points with a 95% level of confidence.

Question Wording

Do you have a better opportunity for career advancement by staying within your current company or by going to work for someone else?

A year from today, will you be earning more money than you earn today, less than today, or about the same amount as you earn today?

PPD Business Staff :PPD Business, the economy-reporting arm of People's Pundit Daily, is "making sense of current events." We are a no-holds barred, news reporting pundit of, by, and for the people.