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The Wall Street Journal: Most companies not planning on better pay raises next year

Lower unemployment rates usually lead to a rise in salaries. But even as unemployment hovers near a six-year low, U.S. companies say they have no plans to make increases to the money they set aside for pay raises next year.

The finding is based on a survey of 461 companies commissioned by the Conference Board, which provides data on business trends. According to the report, companies plan to raise their budgets for pay increases by a median of 3% in 2017, the same rate as in each of the last six years.

The stagnation marks a shift in the way companies choose to reward workers, said Matteo Tonello, a managing director at the Conference Board.

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