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(Bloomberg) — Employers in the U.S. will probably have to offer bigger pay raises to hire and retain skilled workers as the labor market tightens, according to a quarterly survey of chief financial officers.

About 70 percent of CFOs said they expect to boost worker pay by at least 3 percent, Duke University/CFO Magazine’s global business outlook survey of 547 U.S. companies showed Wednesday. Wage pressures are greatest in technology, services and consulting, manufacturing and health care industries.

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