FYI: Americans’ compensation is growing, but workers might not notice it in their regular pay.
The value of benefits—including bonuses and vacation time—grew at a faster rate in the 12 months ended in June than wages and salaries, according to data the Labor Department released Tuesday. That extended a long-running but slow shift in compensation toward benefits and away from wages.
The cost of benefits for private-sector employers rose 3% in June from a year earlier, while the cost of wages and salaries advanced 2.7%.
Regards,
Ted
https://www.wsj.com/articles/benefit-gains-exceed-wage-growth-new-labor-data-shows-1537289455?mod=pls_whats_news_us_business_f
