Oct. 4, 2017

The latest annual year-over-year wage growth report is out for September, showing continued snail's pace growth in wages overall, but also indicating that restaurant cooks and baristas — two prime industry positions — are experiencing much higher wage growth than the average across all U.S. jobs. 

Job search and recruitment site Glassdoor said in a news release that the annual median base pay nationally grew 1.8 percent year-over-year in September, to $51,491. That's up from 1.6 percent last month, but well below the peak this year of 3.5 percent in January, which does not bode well for most American wage-earners.

"At this snail's pace of wage growth it will take roughly 40 years for U.S. median annual pay to double," Glassdoor Chief Economist Andrew Chamberlain, said in the company's release about the report. 

But at least in the foodservice industry, there was some encouraging news for people who can cook and make coffee, as the No. 1 job for wage growth, according to the report, was barista, a position that saw 5.6 percent wage growth this September over last, to an average of $24,305. The fifth fastest-rising job for wage growth was  restaurant cook, with a 4.3 percent increase in wages over last September, to average annual pay of $28,456. 

Other than those restaurant industry highlights, most of the major wage growth continued to be in health care. The cities with fastest growth in pay were Boston and Los Angeles, which both experienced a 2.1 percent year-over-year increase in overall wages for September. 

Wage growth was slowest in Houston and Chicago which lagged behind the U.S. average. Houston does have plenty of jobs to offer right now, up a whopping 19.6 percent year over year.

 


Topics: Business Strategy and Profitability, Financial News, Food Cost Management, Human Resources


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