--- title: Here's One Statistic Explaining Why You Haven't Gotten a Raise Lately description: According to a new report from the Federal Reserve, 36% of employees would happily take on more hours of work, even without a raise. authors: - name: Jacob Davidson url: https://money.com/author/jacob-davidson/ at_money_since: 2014 articles: 106 covers: - Economy and Politics - Banking - Business - Career Advice - Credit Cards - Education - Housing - Identity Theft - Insurance - Investing - Lifestyle - Loans - Mortgages - Personal Finance - Retirement - Shopping - Taxes - Technology social: - https://x.com/JakeD former_staff: true published: '2015-05-27T22:29:34.000Z' modified: '2015-05-27T22:29:34.000Z' section: Economy and Politics tags: - Careers - pubdesk - Raises - salary - Unemployment - Wages - Workplace word_count: 205 canonical: https://money.com/wage-stagnation/ type: Article source: structured-blocks --- > **Disclosure:** We research all brands listed and may earn a fee from our partners. Research and financial considerations may influence how brands are displayed. Not all brands are included. [Learn more](https://money.com/page/disclaimer/). ![115979017](https://img.money.com/2015/05/gettyimages-115979017.jpg) More than one-third of American workers would be willing to work longer hours without a raise, according to [a new Federal Reserve report.](http://www.federalreserve.gov/econresdata/2014-report-economic-well-being-us-households-201505.pdf) The report, which surveyed nearly 6,000 individuals about their financial well-being, found 36% of respondents would prefer to work more hours at their currently hourly wage. Another 58% of respondents said they are happy with the number of hours they currently work, while 5% wished they could work fewer hours. While those who took the survey were not necessarily hourly workers, a Federal Reserve spokesperson said the question is a general proxy for whether employees would be willing to work longer for higher pay. As *[Bloomberg](http://www.bloomberg.com/news/articles/2015-05-27/one-third-of-u-s-workers-want-longer-hours-even-with-no-raise?cmpid=twtr1)* notes, the Federal Reserve's findings may help explain why inflation-adjusted wages have remained essentially flat, even as the economy has improved. "When \[Federal Reserve Chair Janet Yellen\] says that the unemployment rate probably does not fully capture the extent of slack in the labor market, this is exactly what she's talking about," said Thomas Simons, a money-market economist at Jefferies LLC, in an email to *Bloomberg*. "Until workers perceive that there are more opportunities available that offer higher wages, they will be content to work for the same rate rather than take a risk for more." ```json { "@context": "https://schema.org", "@graph": [ { "@type": "BreadcrumbList", "@id": "https://money.com/wage-stagnation/#breadcrumb", "itemListElement": [ { "@type": "ListItem", "position": 1, "name": "Home", "item": "https://money.com" }, { "@type": "ListItem", "position": 2, "name": "Economy and Politics", "item": "https://money.com/economy-and-politics/" }, { "@type": "ListItem", "position": 3, "name": "Inflation", "item": "https://money.com/inflation/" }, { "@type": "ListItem", "position": 4, "name": "Here's One Statistic Explaining Why You Haven't Gotten a Raise Lately" } ] }, { "@type": "WebSite", "@id": "https://money.com/#website", "url": "https://money.com", "name": "Money", "publisher": { "@id": "https://money.com/#organization" } }, { "@type": "WebPage", "@id": "https://money.com/wage-stagnation/#webpage", "url": "https://money.com/wage-stagnation/", "name": "Here's One Statistic Explaining Why You Haven't Gotten a Raise Lately", "isPartOf": { "@id": "https://money.com/#website" }, "datePublished": "2015-05-27T22:29:34.000Z", "mainEntity": { "@id": "https://money.com/wage-stagnation/" }, "inLanguage": "en-US", "breadcrumb": { "@id": "https://money.com/wage-stagnation/#breadcrumb" }, "dateModified": "2015-05-27T22:29:34.000Z" }, { "@type": "Article", "headline": "Here's One Statistic Explaining Why You Haven't Gotten a Raise Lately", "articleSection": "Economy and Politics", "image": [ { "@type": "ImageObject", "url": "https://img.money.com/2015/05/gettyimages-115979017.jpg", "width": 1255, "height": 837, "caption": "115979017" } ], "author": [ { "@type": "Person", "name": "Jacob Davidson", "url": "https://money.com/author/jacob-davidson/", "@id": "https://money.com/author/jacob-davidson/#author", "image": "https://money.com/content.money.com/wp-content/uploads/2015/12/jake-davidson-2.jpg?crop=35px%2C18px%2C872px%2C872px&resize=640%2C640&quality=85&strip&ssl=1", "email": "jake.davidson@yoh.timeinc.com", "sameAs": [ "https://x.com/JakeD" ] } ], "publisher": "https://money.com/#organization", "datePublished": "2015-05-27T22:29:34.000Z", "description": "According to a new report from the Federal Reserve, 36% of employees would happily take on more hours of work, even without a raise.", "abstract": "According to a new report from the Federal Reserve, 36% of employees would happily take on more hours of work, even without a raise.", "@id": "https://money.com/wage-stagnation/", "inLanguage": "en-US", "dateModified": "2015-05-27T22:29:34.000Z", "wordCount": 205, "keywords": [ "Careers", "pubdesk", "Raises", "salary", "Unemployment", "Wages", "Workplace" ], "about": [ { "@type": "Thing", "name": "Political economy", "sameAs": [ "https://en.wikipedia.org/wiki/Political_economy" ] }, { "@type": "Thing", "name": "Inflation", "sameAs": [ "https://en.wikipedia.org/wiki/Inflation" ] } ] } ] } ```