Wage growth is hot and more raises are coming, major employers tell CNBC

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.
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