The share of American companies raising wages hit the highest level


According to a survey conducted by the National Association of Business Economics, 56% of US companies that took part in it reported an increase in employee pay, and no one plans to lower wages in the fourth quarter. The share of companies that raise wages became the highest in October over 36 years of observations. The share of companies that have reported difficulties in finding new employees has also significantly decreased. 37% of respondents solve the problem by means of more attractive wages. 35% improve the skills of employees due to their additional training. 23% of respondents reported on investments in technology and methods to increase productivity. 55% of the companies reported an increase in sales and revenues, which also reached a record level since October 1994.

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