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If you didn’t get a big raise, you probably got a pay cut

The Decibel

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Why Aren't We Seeing a Greater Increase in Wages?

The labor shortage that we hear about from companies was perhaps not as severe as they were indicating for a long time. It is clearly a lobbying effort in some respects by hard hit industries to get cheaper labor into the country. And now we've gotten to a point where things are starting to get really tight as far as hiring conditions. We are starting to see wages pick up a little bit, it's just been a little slower to materialize.

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