By Staff Reports
(Victor Valley)– Wages in the Inland Empire have been increasing, although at a slower pace than in the state as a whole, according to the UC Riverside School of Business Center for Economic Forecasting and Development.
However, continued upward pressure on wages is expected this year as labor markets tighten across Southern California and the Inland Empire’s affordabilty advantage allows the local work force to expand more robustly than is the case in other regions. Earnings in the Inland Empire increased 2.8% from the first three quarters of 2017 to the first three quarters of 2018 (the most recent data available); at the same time, wages in the state overall rose 4.3%. Within the region, there was little disparity with wages in Riverside County increasing 2.7% and wages in San Bernardino County jumping 2.8%. “The healthier growth we’re seeing in the Inland Empire’s work force is being driven in part by the region’s greater home affordability relative to surrounding areas – and this represents a significant competitive advantage into the future,” said Robert Kleinhenz, Executive Director of Research at the Center for Economic Forecasting. “At the same time, the tight regional labor market bodes well for continued wage gains to Inland Empire workers as businesses across Southern California compete to fill open positions.”