New Report Says Philadelphia Leads US In Wage Growth

A new economic analysis by Glassdoor’s Local Pay Reports says Philadelphia leads the nation in wage growth over the last year, printing around 2.8 percent growth since July 2017, bringing the median base salary to $55,723 per year.

Glassdoor’s report is designed to provide a real-time overview of trends in median base salary for full-time U.S. workers in ten cities through an analysis of anonymous salary data from millions of employees.

As noted by Bloomberg, San Francisco experienced 2.7 percent growth, New York City saw 2.6 percent growth and Los Angeles saw 2.6 percent growth, ranking as the cities with the next fastest pay increase. San Francisco had the highest median base pay at $69,404 per year, which printed at a $17,000 premium versus the national average.

“Cost of living is certainly one factor that’s driving up wages for workers in these cities,” wrote Alison Sullivan, career trends analyst at Glassdoor, in an email to Bloomberg.

The report, which examined wage growth among 84 jobs across 15 industries, discovered that certain professions were doing much better than others. Jobs in the financial sector experienced some of the fastest pay increases, according to the report, noting that bank tellers saw 8.2 percent growth in wages, while financial advisers and financial managers saw 4.9 percent and 4.7 percent growth, respectively.

“Many of these bigger cities are also home to industries like tech, finance, and healthcare,” Sullivan said.

“These industries have several high-demand roles they’re hiring for and employers are using higher pay as one mechanism to attract talent.”

In Philadelphia, most of the wage growth is driven by health-care and pharmaceutical companies that demand strong millennial talent from higher education institutions around the region.

Bloomberg also noted that Washington, D.C., Atlanta and Boston observed the lowest annual pay increases in July, expanding by 1.7 percent, 1.9 percent, and 2 percent, respectively.

The report can be misleading when placed in a broader context than the professions generally covered by Glassdoor, said PhillyVoice.

The most recent data from the Federal Reserve revealed that Philadelphia’s median household income level was $41,449, which includes residences with more than one job — not just a single wage.

Another shocking reality is that Philadelphia has the highest rate of deep poverty (an income of less than $10,000, or 50 percent of the federal poverty threshold) of any large city.

“The comparatively favorable cost of living in Philadelphia is in fact primarily offset for renters, who generally receive lower wages than those in other large U.S. cities. That challenge was highlighted in a recent collaboration between PropertyShark and RENTCafé, which found deficits in discretionary income for both homeowners and renters,” said PhillyVoice.

Regardless of the different figures, “the steady uptick in Glassdoor’s data is generally a good sign for workers and evidence that today’s tight labor market may finally be translating into further base pay gains for U.S. workers into the remainder of 2018,” Sullivan concluded.

While Glassdoor’s report seems overly optimistic about overall wage growth, here is a sobering reminder that real wages have barely budged - despite President Trump’s claims of the “greatest economy ever.”

Comments

takeaction Thu, 08/09/2018 - 21:02 Permalink

Get a better job...If you are stuck in a rut job and hate it...I am telling you...now is the time to start filling out some applications.  Here in Oregon EVERY PLACE is hiring.  I just saw a sign for Bus Drivers $3000 signing bonus and $18 an hour.  Another sign for some wood working place...will train starting at $24 an hour.  It is a JOB Bonanza out there...

Endgame Napoleon Shemp 4 Victory Thu, 08/09/2018 - 21:48 Permalink

GlassDoor reviews often echo exactly what I have seen in workplaces, especially when wading through the first couple of reviews, but when I have looked up salary information for the exact jobs that I have worked, it was mostly wildly innacurate.

Now, you could say that employers were paying me less, but in several of those cases, my $1-per-more-per-hour pay rate caused vocal resentment among employees with far less experience, FAR lower sales numbers and MUCH higher absenteeism levels.

Around here, that is the pay gap between an applicant with a degree, four licenses and many years of experience v/s someone with none of that: $1 per hour.

Sometimes, jobs in more pleasant, luxury-oriented environments that are FAR easier in terms of the duties that you perform pay slightly more, but most of the time it is the reverse, with dangerous and bad work environments commanding slightly higher pay. 

There is zero logic in how these jobs are allocated other than social factors, like race, age and, most of all in office jobs, family composition, i.e. being a fellow frequently absentee momma. They are in high demand.

Whole job categories court certain social types, like 98% minority workers, 98% mom workers or 98% young workers.

In reply to by Shemp 4 Victory

lock-stick lisa.roy39 Thu, 08/09/2018 - 22:31 Permalink

It's all ONE SICK, PATHETIC SPAMMER!!!

•• lisa.roy39  ("I SUCK DICK ON THE INTERNET FOR LAND ROVERS!")

•• Free This (ABOVE, in all his 7th grade glory - JACKASS  as new icon!)

•• beemasters

•• MoreSun (whacked, OH SO WHACKED!!)

•• Monad  (AnonQ Live Action Figure)

•• Adolfsteinbergovitch ("I TORMENT THE WOMAN WHO SUCKS DICK!")

•• roea.rita ("I SUCK DICK ON THE INTERNET FOR LAND ROVERS!")

•• Cryptopithicus Homme (bitcoin spammer - imaginary "friend")

•• Leakanthrophy (PORN for Jesus!)

•• Africoman

•• Sanctificado

•• PrivetHedge

•• Cheolli

•• bobcatz

dozens and dozens and dozens of banned log-on's -- more than seven years!

 

....and all the while, the pathetic little SPAMMER sits in his leaky, moldy, smelly single wide in Western New York, surrounded by garbage and dirty clothes, trying to find his dick amidst rolls of fat, talking to his ACTION FIGURES and wondering where his life went.

 

below

•• 07564111 ("I PRETEND I DON'T KNOW ANY OF THEM!")

 

In reply to by lisa.roy39

jabu Endgame Napoleon Thu, 08/09/2018 - 23:53 Permalink

I worked as a Registry Nurse.  More hourly wage, but I literally had to power walk (nurses are not supposed to run) from patient to patient because the floor nurses gave me the heaviest (work intensive) patients, separated by the most space.  Every time I passed the break room I'd see the floor nurses in there munching, and I'd laugh as I flew by.  I earned in 10 years what it would have taken me close to 30.  I got to stay home and raise my own children.  And...I'm not fat!

In reply to by Endgame Napoleon

lock-stick Free This Thu, 08/09/2018 - 22:33 Permalink

It's all ONE SICK, PATHETIC SPAMMER!!!

 
dozens and dozens and dozens of banned log-on's -- more than seven years!

 

....and all the while, the pathetic little SPAMMER sits in his leaky, moldy, smelly single wide in Western New York, surrounded by garbage and dirty clothes, trying to find his dick amidst rolls of fat, talking to his ACTION FIGURES and wondering where his life went.

 

In reply to by Free This

BankSurfyMan Thu, 08/09/2018 - 21:05 Permalink

Street Sanitizers, Help Wanted! Guaranteed Pension and Training! Must have a current right or left arm to shoot down infected homeless camps. Philadelphia Freedom!

motoXdude Thu, 08/09/2018 - 21:34 Permalink

Obviously it's a result of their soda tax!  Well, perhaps not how you'd normally think, but rather:  Couriers and drivers are increasing in numbers as residents of Phlth-A-Smell-Phia bring in soda from outlying areas where the tax does not exist.   Amazing how free economies adapt to non-free economies.  Over, Under, Around our THROUGH... people get what they want!  Philly is hiring soda couriers... apply within (but wear body armor to the interview).

FreeEarCandy Thu, 08/09/2018 - 21:45 Permalink

Can one really call a pay increase that meets the cost of living a raise?

The frog in the pot of slowly boiling water is ...

U.S. Inflation Rate, $100 in 1800 to 2016

According to the Bureau of Labor Statistics consumer price index, prices in 2016 are 1,804.82% higher than prices in 1800. The dollar experienced an average inflation rate of 1.37% per year during this period.

In other words, $100 in 1800 is equivalent in purchasing power to $1,904.82 in 2016, a difference of $1,804.82 over 216 years.

The 1800 inflation rate was 2.44%. The inflation rate in 2016 was 1.26%. The 2016 inflation rate is lower compared to the average inflation rate of 2.47% per year between 2016 and 2018.

Kan FreeEarCandy Thu, 08/09/2018 - 22:39 Permalink

Exactly, please ignore the 14 trillion in extra paper floating around buying real assets.    Inflation has never been really below 3% since Nixon, they just adjust the measuring stick most years and later after nobody is watching adjust the official numbers too.   I have actually left more than one job because they gave less than a 2.5%.  3 years of that and your losing to much income. 

 

Trump wants and needs inflation on many levels, we will see on that...

 

The real issue: with this crazy media, how many working people put themselves back into debt to buy more house/car/crapcollege degree they do not need, that the bank will own shortly for 50% of the cost and resell at 90%.  Looks like they are winding up the punchline.  Irrational exuberance is bad. 

In reply to by FreeEarCandy

ShrNfr Thu, 08/09/2018 - 22:14 Permalink

Stop and think about this for a second. There are two ways to get a 50% increase in wages.

 

1) Start at 7.50 and get to 11.25

and

2) Start at 100 and get to 150.

 

Anybody want to make book on which one applies to Philadelphia?

roddy6667 Thu, 08/09/2018 - 22:22 Permalink

Most new jobs in America are low-paying jobs that suck. It is easy to have a pay increase and still be low paid. It's like being voted "Most Improved".