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In this video, Andy discusses the 2023 federal pay raise for employees on the GS pay scale. The White House recommended a base pay increase of 4.1%, with a 0.5% increase in locality pay. This results in an overall average pay raise of around 4.6%. However, pay scales will vary across the 47 covered areas. The updated 2023 GS pay scale reflects these changes and is discussed in detail in the video. Subscribe for future videos on taxes, money, and the economy.
