End of last year I researched and wrote a special report which explains why your boss will never give you a raise. Not in real terms (above inflation) anyway. Some of the key points contained in the report are:
–In the US, the pay of middle wage workers has only increased 6% since 1979, and has been more or less flat since 2000.
–In the UK, the average worker was earning £15 less every week in July 2017 than they were in March 2008.
–In Australia, real wages in 2015 were around 2% lower than they were 10 years earlier.
For middle income earners, the sobering reality of this long-term trend in declining real wages is, if you hang around waiting for pay rises to improve your income, you’ll probably die waiting.
But the situation is not hopeless. There is a strategy for dealing with it. A strategy which is within everyone’s grasp. And this is: move up to higher pay grade. In this report, I explain a practical and actionable strategy for achieving this.