Wages are stagnant even at a time of slow economic recovery. But that doesn't mean you have to settle for an anemic paycheck.

New stats show that American workers have no more purchasing power today than at end of Great Recession. The reality is that corporations have whacked at labor costs to preserve profits. Many employers have set a 2% ceiling on wage increases.

We as employees are in an economic straightjacket. How do you break loose? You need to get new training and new skills to make yourself more valuable. Get the training necessary to compete for a higher paying job or start a business yourself.

The responsibility comes back to you. Be an entrepreneur if you can fill a need not currently being met in the marketplace.

Image of Clark Howard About the author: Clark Howard

Clark Howard is a consumer expert whose goal is to help you keep more of the money you make. His national radio show and website show you ways to put more money in your pocket, with advice you can trust. View More Articles

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