70% Businesses raise salaries?

Did u feel the rising salary?
Well, some of the work labour does not feel it as the working time may also increase with the increase salary ?
Also, the 70% raised is in which sectors first?

Is it good news to the economy & the stock market?
Maybe not really ?
Because inflation may not be under control as ppls spending power has increased.
This may lead to a continuous of interest rate hiking to keep inflation in checked ✔.
But, u also need increase ppl salary to keep them from coming to work .
Inflation will be under control if the salary increased is not more than inflation rate increasing .

What would u invest/spend if u have extra salary?
I will spend in on PC 🖥 ,electronic stuffs & maybe some tools 🔧.
I will also invest in strong growth companies like $Tesla (TSLA.US)$, $Apple (AAPL.US)$ & many others out there .

Maybe low % into some ETF like $SPDR S&P 500 ETF (SPY.US)$, $FTSE Singapore Straits Time Index (.STI.SG)$, $Berkshire Hathaway-B (BRK.B.US)$... since the market is volatile.