Low paying jobs continue to plague the American workforce. In 2022, 31.9% of American workers made less than $15 per hour. That’s 51.9 million workers! Many of these make less than half that amount or the federally-mandated minimum wage of $7.25 per hour. (source)
Looking outside the lowest paid, how many additional workers are not paid commensurate with their experience and skills? If you ask the workforce, 47% of U.S. adults believe they are underemployed and underpaid. (source) We know that women earn 22.6% less than their male peers. (source) Compounding these issues, most people vastly underestimate how much they should earn. (source)
Change is long overdue.
How does your job measure up against the statistics? If you’re not sure, here’s some questions you can use to evaluate your current position:
- Do similar jobs in your region offer higher pay and benefits?
- Do you have opportunities for advancement?
- Do you have opportunities for better pay or benefits?
- Has your company grown but your salary has not?
- Are recent hires offered a better pay package?
- Does your salary reflect your specialized training?
All this news of downturns and layoffs may have you reticent to rock the boat. Yet, it’s during times like these that it’s imperative you leverage your true worth.
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