Wage growth is hot and more raises are coming, major employers tell CNBC
May 11, 2019 at 08:30 AM EDT
The latest jobs report showed wage growth picking up steam and it is going to stay that way, with a majority of corporations telling CNBC that cost of labor will be by far their biggest cost in the next six months. Eighty-five percent of North America-based CFOs tell CNBC in a survey that cost of labor will be their biggest expense, up from 56 percent in the fourth quarter 2018.
