The Financial Post reports in its Thursday, Sept. 12, edition that the current inflation rate is decreasing, but a recent survey by Wallethub revealed that nearly three-quarters of employees still feel that it is devaluing their efforts. The Post's Denise Paglinawan writes that Texas A&M University professor Jim Lee said consumers are still facing significantly higher prices despite the slowdown in inflation. This has resulted in workers having less bargaining power for wages. Additionally, the survey found that 67 per cent of people are working harder this year than the previous year. Furthermore, 93 per cent of respondents expressed the need for a raise to cope with inflation and meet expenses. Temple University professor Michael Leeds noted that individuals may have an inflated perception of their own value and believe they deserve higher pay. He also mentioned that pay raises are often a response to broader inflation. Mr. Lee said the survey outcome indicates that most people do understand they will fall behind if their wages do not increase to keep up with inflation. However, he noted that, at the national level in the United States, the average worker has stayed ahead, despite historically high inflation.