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NBC15: Employers Plan Significant Wage Hikes in 2022

MADISON – In response to a worker shortage, employers are planning to step up their wages, according to a survey released this week by the Wisconsin Manufacturers & Commerce.

After surveying more than 250 businesses of different sizes across the state, the WMC said at least eight in ten companies are planning to raise wages by 3 percent or more this year.

“This is the fastest that we have seen wages go up in recent memory, and it’s a testament to the fact that businesses are really struggling to hire right now,” Nick Novak, WMC spokesperson, said.

Novak said the pay bumps also reflect competition among employers.

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