Recruiters, baristas and restaurants cooks are seeing more promising paychecks
It pays to work in these fields.
In the past year, full-time workers have seen their pay grow 1.7% to a median of $51,324 a year, according to data released Wednesday by job search site Glassdoor.com. But that’s down sharply from the 3.1% year over year pay growth that we saw from January 2016 to January 2017 — a trend that Dr. Andrew Chamberlain, the chief economist at Glassdoor calls “puzzling,” especially as unemployment sets record lows in many cities.
What’s more, for the first time since 2014, inflation (at 1.9%) actually outpaced wage growth, which means that your purchasing power is actually less — despite that raise. “For the first time in several years, workers didn’t get ahead,” Chamberlain tells Moneyish.
But in some jobs the outlook is more promising. Here are 10 jobs that got the biggest pay raises.
Recruiters are getting big pay hikes as “companies rely more on recruiters to attract coveted talent as the U.S. reaches full employment, and this puts their skills in high demand,” said Chamberlain. The uptick in pay for baristas and restaurant cooks may have to do with the rising minimum wage in some cities.
Workers in other jobs aren’t doing so well. In general, wages are declining fastest in jobs like loan officer (down 5.3% to $44,306) and design engineer (down 3.8% to $69,490). Loan officers are becoming the victims of automation, Chamberlain tells Moneyish. Fewer people are needed to process loans as robots do more and more of this work. Design engineers, on the other hand, work in the manufacturing field and declines in their pay reflect the shrinking role of manufacturing in America.
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