Guide to Cola Raise for 2025: Understanding the Cost-of-Living Adjustment
The term “COLA raise” is typically used to refer to a cost-of-living adjustment (COLA) for the year 2025. A COLA is an adjustment to wages, salaries, or benefits to keep pace with inflation. COLA raises are often included in labor contracts and are typically calculated based on the Consumer Price Index (CPI), which measures the average change in… Read More »