Why You Might Be Seeing a Raise

Why You Might Be Seeing a Raise

Assessment

Interactive Video

Business

University

Hard

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Joe Weisenthal discusses indicators of potential wage raises, focusing on the NFIB small business optimism survey. The survey shows a significant increase in businesses planning to raise wages, the highest since the financial crisis. By comparing this with the Employment Cost Index, which measures the cost of employing workers, a leading effect is observed. This suggests that wages and benefits are likely to increase soon, providing good news for workers expecting raises.

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5 questions

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1.

OPEN ENDED QUESTION

3 mins • 1 pt

What does the NFIB small Business optimism survey ask regarding compensation?

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2.

OPEN ENDED QUESTION

3 mins • 1 pt

How has the perception of wage hikes changed among businesses since the financial crisis?

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3.

OPEN ENDED QUESTION

3 mins • 1 pt

What historical trend is suggested regarding the Employment Cost Index and wage increases?

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4.

OPEN ENDED QUESTION

3 mins • 1 pt

What is the Employment Cost Index and what does it measure?

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5.

OPEN ENDED QUESTION

3 mins • 1 pt

What implications does the survey have for workers regarding future compensation?

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