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Winning: Wages, Bonuses, and Benefits Rising Faster than Prices, Fed Survey Shows

https://www.breitbart.com/economy/2018/12/05/winning-wages-bonuses-and-benefits-rising-faster-than-prices-fed-survey-shows/
See More From: breitbart.com

Dec 5, 2018 3:05 PM 4+ mon ago

The strength of the American labor market is pushing up wages faster than consumer prices, the Federal Reserve's latest "Beige Book" summary of the state of business across the central bank's 12 regional districts showed Wednesday.

The Fed said that most of its districts reported that "wage growth tended to the higher side of a modest to moderate pace. In addition to raising wages, most Districts noted examples of firms enhancing nonwage benefits, including health benefits, profit-sharing, bonuses, and paid vacation days."

Price increases, however, were merely "modest" in most of the country, with the notable exception of San Francisco. And much of the price pressure has yet to hit the consumer level, the Fed said. Instead, it is showing up in the rising costs of materials and labor.

"Nearly all reported that input costs rose faster than final goods prices. ...

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