Why You Might Be Seeing a Raise

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.

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

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

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

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

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