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Megan Henderson 9/19/22 Megan Henderson 9/19/22

Reports Show 2022 Wages Increasing Near the Pace of Inflation

According to HR services provider ADP, salaries have been rising rapidly, nearly on par with inflation. Year-over-year pay raises increased by 7.6% leading up to August 2022, compared to an average of around 2% in early 2021. While pay has increased overall, its growth has flattened since April.