Rochester has largest wage DECREASE

Written on Tuesday, July 7th, 2009 at 6:04 pm by Mike
Filed under All Posts, Economy.

Wage changes vary widely from region to region, as highlighted by the Brookings Institution’s MetroMonitor report, which parses economic data on the country’s 100 largest metropolitan areas. The report compares the change in real average wages for the 100 regions from Q4 2008 to the Q1 2009.

The picture is even worse in upstate New York, where average wages FELL 2.3% in Rochester and 2.2% in Syracuse.

In fact, the Rochester metro area had the largest wage DECREASE of the 100 metro areas in the study.

As a comparison, the Brighton teachers’ contract provided 4.4% / 4.2% / 4.0% compounded increases over the last three years.

Click here to read the full article:

http://finance.yahoo.com/career-work/article/107267/pay-cut-cities.html?mod=career-salary_negotiation

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