Wage and salary growth in Wisconsin is expected to slow this year and the next, according to the latest Department of Revenue economic forecast. 

After wages and salaries in the state grew 8.2 percent last year, they’re expected to rise 6.6 percent this year and 3.6 percent in 2024. At the national level, those figures are 9.1 percent, 6.5 percent and 4 percent, respectively. 

“Slower economic and employment growth along with lower inflation are behind the predicted slowdown of wages and salaries as a response to the Fed’s policy of higher rates,” report authors wrote. 

ARTICLE HERE