Dec 7, 2023 - Economy
A quarter of workers are confident they could get a raise: survey
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Nearly a quarter of workers believe that they'd get a raise if they just asked for one, according to polling data from Morning Consult.
Why it matters: Though it's a minority of workers, the number's grown considerably this year even as the job market has started to slow down.
- "On the surface the polling runs against the narrative we're seeing," said Jesse Wheeler, a senior economist at Morning Consult.
Zoom in: Part of what's happening is the job market has been strong for a while — and recession talk has faded — that does have some psychological impact.
- A lot of workers have been able to successfully negotiate higher pay. Plus, layoffs are still super low compared to historical levels. And, there's a drumbeat of news about union workers getting big raises.
- "People are feeling confident," Wheeler said.
Yes, but: That confidence doesn't always translate into people's feelings about the economy overall — consumer sentiment is famously bleh these days.
