In a recent survey, more than half of the surveyed workers reported feeling like their incomes have not kept pace with the high inflation affecting the US economy. This finding aligns with new data released from the government on Tuesday indicating that inflation was higher than expected for the month of August. Despite the burden of increased living costs on workers, raises to address cost of living are relatively rare. Pay raises more often correlate with performance or promotions. Career experts suggest looking for new jobs as the best means to achieve salary increases.
See "Workers report that wages are not keeping pace with high inflation", Lorie Konish, CNBC, September 14, 2022