May 30, 2018
For this week’s Cost of Living Crisis special, we cover salary. Specifically, we explore salary growth, minimum wage, tipping culture, and how to ask for a raise.
Utah was the leader in the region for wage growth just a few years ago, but now as the cost of living has ballooned, wages just aren't keeping up. Housing costs are skyrocketing, and wages aren't growing much. We have audio from an economist saying that if wages don't grow, we'll struggle to keep people off the streets.
Not since 2009, when federal laws mandated it, has Utah minimum wage been increased. It is now $7.25 per hour. Even states with much worse economic outlooks and cost of living are higher, like Missouri that raised it's minimum wage from $7.70 to $7.85 this year. It's not much, but it's more than Utah. Still, it seems there is little interest among lawmakers in the state who let a bill to increase the wage to $10.25 get stuck in committee.
Employees working primarily for tips are only required to be paid $2.13 per hour, and that law hasn’t changed since 1991, so folks who rely on tips to make ends meet hope you tip the suggested 15 to 20%. Should we raise employee wages and phase out of tipping at restaurants?
Forbes provides some tips on how to ask for a raise: Focus on why you deserve it (not why you need it). Demonstrate your accomplishments and added value. Practice your pitch and anticipate questions.
Dave and Dujanovic is hosted by KSL News Radio's Dave Noriega and Debbie Dujanovic. KSL News Radio is part of Bonneville Media and based in Salt Lake City, Utah. Don’t forget to review and subscribe to the Dave and Dujanovic podcast on iTunes.