Philadelphia Wage Growth Stagnant Compared to Other U.S. Metro Cities

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    According to a study by Glassdoor Economic Research, Philadelphia workers hoping for a pay raise saw some of the worst wage increases when compared to 10 other metro cities across the United States. The study shows that from June of 2016 to June of 2017, the greater Philadelphia region’s average wage rose by less than one percent, while the national average among the 10 metro areas covered in the study saw wages increase by 1.7 percent.

    The report shows that Philadelphia tied with Atlanta and Washington as some of the worst performers regarding wage increases over the last year. The only city that saw a worse average wage increase was Houston, which posted an average increase of half a percentage point. Seattle, San Francisco and New York topped the metro cities covered in the study with the highest average wage increases over the past year. San Francisco saw an increase of 2.6 percent while Seattle and New York’s average wages increased by 1.9 and 1.8 percent respectively.

    Although the nation saw an additional 220,000 jobs added in the month of June, there was minimal wage growth. Many of the new jobs were in positions that require little skills, while tens of thousands high-skilled jobs remain unfilled. According to the study, design engineers, loan officers and operations analysts saw the worst wage growth of any profession. Restaurant cooks and recruiters saw the highest wage increases.

    The median base pay in Philadelphia is $54,014 with a year-over-year average of 0.9 percent. The Glassdoor study shows that jobs with the highest growth rate in relation to median base pay include pharmacists, attorneys, tax managers, data scientists and software engineers. The lowest paying jobs in relation to growth include cashiers, bank tellers, bartenders, medical assistants and research assistants. However, U.S. salary growth remains stagnant compared to other years when the economy was on the rebound.