With people holding out for more money?
Employer’s have little choice but to offer more money …
Probably more part-timer’s to save benefits costs though….
Or the classical less employee’s loaded with more work…..
America’s business leaders expect to keep shelling out higher wages to employees.
Driving the news: According a new quarterly survey released today by the National Association of Business Economists, a record high 58% of respondents increased pay at their firms during the third quarter — and nearly the same share expects to do so again in the coming months.
Why it matters: Strong demand in the U.S. economy is underpinning rising wages as well as continued hiring plans on the part of business leaders. But rising business costs — for things ranging from labor to raw materials — have some economists on alert for spiking inflation trends.
State of play: Average weekly earnings are up 4.5% over the last year, according to government data….