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WIBC 9AM-Noon Podcast

Indiana is nearly dead last in pay growth

WIBC 9AM-Noon Podcast

WIBC

News

4.61.2K Ratings

🗓️ 3 August 2023

⏱️ 5 minutes

🧾️ Download transcript

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0:00.0

Well, if you're hoping your pay goes up in Indiana, did luck, 93 WIBC. It is the Kindle

0:12.0

and Casey show. I'm Rob Kevin Tear Casey's out today. Ethan Hatcher is in for Casey.

0:18.2

And Fox 59 with an interesting report out CNBC with the, I guess the original from

0:27.1

where this information where this article emanated, but ADP released its national employment

0:35.0

report and that tracks wage growth around the nation and Indiana for individuals. Yeah.

0:44.4

Now, there was a great right port that came out from CNBC said, if you're a business

0:48.0

a Indiana boy, that's great. If you want a tax cut or you want a freebie or you want

0:52.8

a strong armed farmers at a land, if you're a mega corporation for a sweetheart real estate

0:57.4

deal, Indiana, we're near the top of the list. But if you are a regular Joe Schmo like

1:02.6

us, Ethan. Yeah, top 10, right? No, that's no, no, at least the top 25. No, also that's

1:09.1

we're not that either. Oh, 47th. Oh, the only people that we are behind is Iowa, Arkansas,

1:15.9

New Jersey, and Delaware in terms of states that have lower annual pay growth over the

1:25.5

past year. And this is what, what's the rate of the growth? Did they have that? Let's see

1:30.2

here. But what percent of places Indiana's year over your annual pay growth was 5.2% which

1:37.2

lags behind according to Fox 59, the national median of 6.2%, which goes back to what we've

1:44.6

been talking about, which is if inflation is at 6%, which it's been more than that. But

1:50.3

let's just find a nice little round number. And your pay growth is 5.2%, which that's average.

1:56.9

So obviously every person is not hitting that. You are losing buying power like it's going

2:03.6

out of style here in the state of Indiana. So your wages, your income, yes, that increased

2:09.7

by 5%. Yes. But, but my property taxes rob they, they increase by 28.5%. Yes, that's

2:20.1

correct either. So I'm not really getting the value from my money here. In fact, I, I'm

2:25.8

losing quite a lot of money in addition to the inflation, in addition to the rising prices

...

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