<\/span><\/h3>\nThe increased minimum wage across the country is welcomed by many low-wage workers and is expected to reduce their personal financial strains. Reports indicate an increase in groceries and household products as well as gas reducing the purchasing power of many American low-wage workers.<\/p>\n
Employees must also re-think their digital skills to thrive in the gig economy. Amidst high inflation and a tight labor market, many companies in America are set to give the biggest wage increase in over a decade.<\/p>\n
According to the Bureau of Labor Statistics, non-union jobs have realized an increase in their wages much faster compared to non-union jobs. Workers in non-union jobs take longer to realize their wages as a result of prolonged negotiations between employers and unions.<\/p>\n
Employers are also faced with the problem of a tougher employment market as more employees leave their jobs in search of higher wages. The cost of maintaining an effective workforce is also expected to be higher for many organizations.<\/p>\n
It is also worth noting that with the current inflation levels, employers might also be required to adjust their wages to match the cost of living. Rising inflation, however, will affect the increased wages for many American employees as they have lower purchasing power even with higher salaries.<\/p>\n","protected":false},"excerpt":{"rendered":"
Many employees across the country have felt the impact of the COVID-19 pandemic. The dollar simply does not stretch as far as it used to. However, many are now anticipating that the 2022 Labor Laws changes will provide a reprieve. So how will Labor Law 2022 affect your salary? The rippling effects of COVID-19 continue…<\/p>\n","protected":false},"author":1,"featured_media":4401,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[15],"tags":[],"_links":{"self":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/posts\/4400"}],"collection":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/comments?post=4400"}],"version-history":[{"count":0,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/posts\/4400\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/media\/4401"}],"wp:attachment":[{"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/media?parent=4400"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/categories?post=4400"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/friendsoftoms.org\/wp-json\/wp\/v2\/tags?post=4400"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}