Boston setting pace for pay
Boston Herald - 05/01/2015
Wages in the Boston area grew more in the first quarter of this year than in any other metropolitan area in the country, thanks to demand for skilled tech and scientific talent, experts said.
“We’ve been waiting for this as another sign that the recovery is expanding, to start seeing some wage pressure,” said Alan Clayton-Matthews, an economist at Northeastern University. “This could be the canary in the mines that … demand is first increasing in these sectors and it will spread to others as well.”
Wages and salaries rose 3.9 percent, the best first quarter for the Boston area since the U.S. Department of Labor began collecting local wage data in 2007, the department said yesterday. The growth also was the highest out of the 15 metropolitan areas surveyed.