Many businesses reported boosting wages in the most recent quarter, even as they express pessimism about economic growth in the near future.
For the first time in more than a decade, nearly half of the business leaders polled in a quarterly survey conducted by the National Association for Business Economics reported raising pay for their workforce in the past quarter. And even more — 58 percent — said they expect wages at their firms to rise in the next quarter.
And yet, the survey of 148 members of the association revealed higher-than-average rates of pessimism about the economy as a whole.
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