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Pay Raise Misfire: Average Pay Is Up Nearly 4 Percent and Many Families Still Don’t Feel Better Off
Four percent sounds like progress. It sounds like momentum. It sounds like the kind of number that should put a little extra bounce in your step when payday hits. And yet, across the country, many families look at their paychecks and still feel like they’re running in place. Recent federal data shows that average hourly earnings have risen at almost a 4 percent annual pace.
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