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PA and U.S. Record Historic Wage Growth

November 03, 2021 | News Stand & Other

Using the latest data, the Independent Fiscal Office published a research brief that finds historic wage gains for the U.S. and Pennsylvania. The brief notes that employee compensation comprises 56% of final sales and firms will likely push most labor costs forward to final consumers, thereby putting upward pressure on prices and inflation.

 

Tags: growth, wage

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