XA new survey out by the National Association of Business Economics finds that companies are starting to boost pay for their workers in order to attract and keep productive, skilled employees in a tighter labor market.
Almost half - 48% - of the NABE survey of 119 of its member companies said that their wage and salary packages had increased during the last three months, while none reported reducing pay for workers.
In short, wages are starting to rise fast, a trend that is expected to continue, as companies invest more, add jobs and look for qualified workers to do them.
Companies as diverse as Apple and Wal-Mart are adding to the pay packets of their workers, in some cases making pending minimum-wage hikes moot, as in the case of Wal-Mart.
Some three million workers have already seen a hike in pay, a bonus or more money added to their 401(k), the first sweet fruit of the tax cuts.
They're not only raising pay, they're also investing in their workers.
In the NABE survey, companies that have trouble hiring enough qualified workers say they're "Training internally" and "Raising pay" in response to market pressures.
https://www.investors.com/politics/editorials/wages-obama-economys-weakest-link-now-surging-under-trump/
Almost half - 48% - of the NABE survey of 119 of its member companies said that their wage and salary packages had increased during the last three months, while none reported reducing pay for workers.
In short, wages are starting to rise fast, a trend that is expected to continue, as companies invest more, add jobs and look for qualified workers to do them.
Companies as diverse as Apple and Wal-Mart are adding to the pay packets of their workers, in some cases making pending minimum-wage hikes moot, as in the case of Wal-Mart.
Some three million workers have already seen a hike in pay, a bonus or more money added to their 401(k), the first sweet fruit of the tax cuts.
They're not only raising pay, they're also investing in their workers.
In the NABE survey, companies that have trouble hiring enough qualified workers say they're "Training internally" and "Raising pay" in response to market pressures.
https://www.investors.com/politics/editorials/wages-obama-economys-weakest-link-now-surging-under-trump/
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