Most Interesting HR stories of the week

Young workers enjoy the biggest pay boost

The country’s youngest workers are securing the fastest wage rises of any age group, according to new data reported in The Wall Street Journal this week. Median pay for those aged 16-24 was 10.6 higher in January than a year earlier – which massively outpaces the average 4% pay gain across all age groups. Even though pay increases seem high because young people typically start from a lower base, the data suggests this rate of growth is the highest for a quarter of a century. The statistics reveal young people are benefiting from employers struggling to fill positions in traditionally low wage sectors, and having to raise their rates accordingly. In 2020, 48% of all workers earning the federal minimum wage were under the age of 25.

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