The 2008 financial crisis and the worst economic downturn since the Great Depression amplified those changes, further stifling overall wage growth. Chamberlain said Glassdoor data show that competition for workers has pushed wage growth up sharply for some skilled professions. The burgeoning Los Angeles tech industry showed the biggest increase in average annual pay — 13.2%, to $114,540, which includes benefits and stock options. “Wage growth is picking up, but it’s still below what you’d expect in a well-functioning economy,” said Mark Zandi, chief economist at Moody’s Analytics. If the labor market continues to improve, the economy should start producing those types of wage gains in 2017, he said.

Source: Los Angeles Times September 04, 2016 13:02 UTC