At the end of 2024, California workers experienced a significant average weekly wage increase of 6.5%, exceeding the national average raise of 5%. This wage growth places California fifth in the nation for pay raises, following Wyoming, Washington, Idaho, and Oregon. The average weekly wage in California reached $1,872, significantly above the national average. However, concerns remain regarding the high cost of living and inflation, suggesting that while wages are increasing, consumers are still feeling financial strain. Comparatively, other states showed much more modest increases in payroll, highlighting economic disparities.
California's average weekly wage rose by 6.5% in 2024, surpassing the national average wage increase of 5%, marking the fifth largest pay raise in the nation.
Despite California's significant wage increases, economic anxieties persist due to high inflation and cost of living, raising questions about affordability for consumers.
While California workers enjoyed generous raises, the national comparison showed states like Louisiana offering the smallest increases, highlighting regional disparities in wage growth.
The average weekly wage in California is $1,872, significantly higher than the national average of $1,507, but the state's high living costs complicate the situation.
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