Poll Results: Wages and the Cost of Living

Results and findings from recent research on the future of work and the evolving jobs market.

Source: Monster survey conducted among workers, April 2023

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Have not had a raise in more than a year.

55% —

Did not receive a bonus this year.

62% —

Are considering taking another job to keep up with inflation and the cost of living.

40% —

Say it’s harder to find a job as companies cut costs.

48% —

Are looking for a higher paying job due to high inflation and the cost of living.

67% —

Say their most recent salary increase was less than 6% of their total salary.

85% —

Wouldn’t quit, but it’s because their hands are tied!

15% —

Refrained from Quiet Quitting* due to the rise in inflation and feelings of job insecurity.

27% —

Avoid taking sick days or time off due to feelings of job insecurity.

27% —

Say they are burned out, with inflation and the cost of living negatively impacting their performance at work.

38% —

Say their employers have not offered any additional benefits to keep up with inflation and the cost of living.

77% —

Are more mindful of their spending for basic needs like rent and groceries due to inflation and the rising cost of living.

75% —

Say their current wage has not kept up with the rising cost of living.

81% —

Are concerned about their job security due to employers cutting costs.

39% —

*Quiet Quitting is when a worker limits their work to their contracted hours and does not perform tasks beyond their contracted responsibilities