*By Michael Teich*
Wage growth in the U.S. hit a nine-year high in August, and that may be partly thanks to innovations in tech, said a founder and CEO of blue-collar employment platform Merlin.
"Technology is by nature inflationary," Güimar Vaca Sittic said in an interview with Cheddar Friday.
Average hourly pay in August jumped 10 cents to $27.16, up 2.9 percent from last year, according to the latest employment report. August also marked the 95th straight month of job growth in the U.S. The availability of online social networking tools, combined with new opportunities created by emerging technologies, allows workers to demand higher salaries, Vaca Sittic said.
"High-tech companies are building new services and are contributing to the rise in wages. But you also have companies like ours that focus on matching hourly workers with employers," he said.
While industry giant LinkedIn focuses on white-collar jobs (banking and marketing, for example) Merlin caters to those in careers like construction and restaurant servers. The company operates with the belief that this class of workers is under-served by job sites. Construction companies added 23,000 jobs in August, and employment in the industry has grown by 297,000 over the past year, according to the [Bureau of Labor Statistics](https://www.houstonchronicle.com/business/real-estate/article/Construction-struggles-to-find-workers-23-000-13212366.php).
"Two-thirds of the U.S. workforce are working in our categories, and we don't see that going anywhere," fellow co-founder and co-CEO Borja Moreno de los Rios told Cheddar Friday.
Merlin launched in the New York City area last month.
For full interview [click here](https://cheddar.com/videos/technologys-impact-on-wage-growth).
Super Bowl Champion, Julian Edelman, talks Chiefs' conspiracies, his fave TSwift song and his bet for Super Bowl LIX. Plus, the best time for a bathroom break.
Ron Hammond, Sr. Director of Government Relations at the Blockchain Association, breaks down Trump’s plan to strengthen U.S. leadership in financial technology.
BiggerPockets Money podcast is now available on Cheddar Wednesdays at 10am ET! Mindy Jensen shares how her podcast is helping people gain financial freedom.
The social video platform's future remains in doubt, as players scramble to profit from the chaos. Plus: Big oil gets bigger, DOGE downsizes, and tariffs!
Ty Young, CEO of Ty J. Young Wealth Management, joins Cheddar to discuss Trump's moves as he returns to Washington D.C. and how it may affect the U.S. economy.
Starbucks’ decision to restrict its restrooms to paying customers has flushed out a wider problem: a patchwork of restroom use policies that varies by state and city. Starbucks announced last week a new code of conduct that says people need to make a purchase if they want to hang out or use the restroom. The coffee chain's policy change for bathroom privileges has left Americans confused and divided over who gets to go and when. The American Restroom Association, a public toilet advocacy group, was among the critics. Rules about restroom access in restaurants vary by state, city and county. The National Retail Federation says private businesses have a right to limit restroom use.
President Donald Trump is talking up a joint venture investing up to $500 billion for infrastructure tied to artificial intelligence by a new partnership formed by OpenAI, Oracle and SoftBank. The new entity, Stargate, will start building out data centers and the electricity generation needed for the further development of the fast-evolving AI in Texas, according to the White House. The initial investment is expected to be $100 billion and could reach five times that sum. While Trump has seized on similar announcements to show that his presidency is boosting the economy, there were already expectations of a massive buildout of data centers and electricity plants needed for the development of AI.
Chris Ruder, Spikeball Founder and CEO, explains how he and his friends put roundnet on the global map, plus, how Spikeball helps people "find their circle."