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70% businesses raise salaries: How to invest or spend?
This week, a survey released by the National Association for Business Economics (NABE) shows that economists predict that in the first quart Show More
This week, a survey released by the National Association for Business Economics (NABE) shows that economists predict that in the first quarter of this year, up to 70 % of U.S. businesses saw their labor costs rise to a record high.
A rising labor cost means a salary increase. However, the increasing cost of US companies may drive inflation and leave a negative impact on the economy, especially during the regional war, Covid-19 pandemic, and rate hike.
Feel free to leave your comment below, and 6 mooers will win 600 points:
-Did you feel the rising salary?
-Is it a good news to the economy and the stock market?
-What would you invest/spend if you have extra salary?
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