In 2024, California workers experienced significant wage growth, reporting an average weekly pay increase of 6.5%, making it the fifth highest in the United States. This growth outpaces the national average of 5% despite a sluggish job market and ongoing concerns over high living costs and inflation. The state’s pay raises were only eclipsed by those in four other states, highlighting California’s relatively generous employer practices, though worries remain regarding the overall stability of the economy. The increased average wage reached $1,872 per week, marking a notable rise compared to wages across the nation.
The quarterly statistics show that California bosses were relatively generous with their workers at year-end, upping average weekly wages by 6.5% over 12 months.
Caveat noted, the quarterly statistics show that California bosses were relatively generous with their workers at year-end, upping average weekly wages by 6.5%.
The outsized pay hikes might help explain the 'who can afford this?' debate. Those who have generous bosses.
The year-end pay increases boosted California's weekly wage to $1,872. That's 24% above the nation's $1,507 and fifth-highest nationally.
Collection
[
|
...
]