US wage growth hits 17-month high

By Megan Henney
Published October 02, 2018

Nouriel Roubini, a professor at the New York University Stern School of Business, discusses the current state of the U.S. economy and why he expects a significant swell down in growth by 2020.

National wage growth is at the highest it’s been in nearly 17 months -- and, according to a new study released by Glassdoor, it’s not expected to slow down anytime soon.

“We expect wages to continue to rise as demand remains for workers throughout a number of industries,” Glassdoor economist Daniel Zhao said in a news release.

Wages grew 2.6 percent year-over-year from 2017 to $52,664, making it the fastest wage growth seen since April 2017.

Some industries are also seeing bigger boosts in pay than others. For instance, health care roles like pharmacy technician and emergency medical technician saw annual pay grow by 6.8 percent and 5.7 percent, which could indicate “big opportunities” in the field. That’s in large part because those types of jobs require human interaction, and are therefore difficult to automate, despite increased demand.

https://www.foxbusiness.com/economy/...-17-month-high