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U.S. workers have reason to hope for slightly better pay raises this year, a shift that could add momentum to the economic recovery.
This could mean average wage gains of as much as 3 percent in 2011, compared with 1.7 percent in 2010–enough to boost consumer spending, which accounts for more than two-thirds of the economy, but not so much that it would stoke concerns of an inflationary spiral. Get the full story »
From CNNMoney | Google has fired an employee who leaked news that the search giant is giving a 10 percent across-the-board pay raise to it workers. Google CEO Eric Schmidt announced the salary hike in a memo late Tuesday, which was then posted on several blogs, including Business Insider. Get the full story »
Moving to staunch the defection of staff to competitors, Google Inc. is giving a 10 percent raise to all of its 23,000 employees, according to people familiar with the matter. The raise, which will be given to executives and staff across the globe, is effective in January. Get the full story »
