Cost Of Living Increase 2022. Real wages fall 2.2% in a year by ashleigh webber 14 jun 2022 shutterstock employees’ real pay has fallen by 2.2% in a year, despite an increasingly tight labour market that has made it more important than ever for employers to attract talent. Therefore, the annual amounts, effective for 2022, are $10,092, $15,132, and $5,052.
Increased payments to approximately 8 million ssi beneficiaries will begin on december 30, 2021. Global supply chain issues, climate change and singapore’s tightening labour market may lead to inflation. This year’s cola will go into effect july 1, 2022, and will be included in members’ august 1, 2022, benefit payments.