employee compensation costs, including wages and salaries as well as benefits. It is the broadest measure of labor costs and helps analysts determine
trends in the cost that employers have from paying employees. This measure can give economists a clue as to whether inflation is perking up from
a cost of business standpoint. If a company needs to pay more to hire qualified workers, then the cost of doing business increases and profit margins
are reduced. Companies usually have to raise their prices to consumers as
their costs increase. That is when the inflation theme starts to play out.
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