Wall Street Journal (12/04/22) Rubin, Gabriel T.
There is a tug of war between companies and workers over wage increases, and the outcome is critical for the inflation outlook. Friday’s November jobs report showed annual growth in hourly earnings accelerating to 5.1% from 4.9% in October. Workers continue to be awarded pay hikes, partly due to help remaining so hard to find. Many companies across the economy are paying out one-time bonuses for high performers while limiting larger pay hikes to the most in-demand jobs.
This article originally appeared on wsj.com. Use this link to see the full article (subscription required): Employers Try to Hold Line on Wages, With Mixed Success