Culture
Wages Are on the Rise in U.S. Cities
Over the last year, wages increased in all but three of the largest 20 metros.
Need another sign that the recovery in the United States is for real? In the first quarter of 2012, national wages saw their largest increase since the end of 2008. Since last year, wages have increased 1.4 percent, and for cities the outlook is even brighter.
The good news comes from PayScale, a company that focuses on compensation data and has the world's largest database of individual employee compensation files. Their updated PayScale Index shows that wages in the largest metros are on the rise.