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Big American companies are embracing a novel strategy to attract new workers: raising wages

Big American companies are embracing a novel strategy to attract new workers: raising wages

The US unemployment rate is at its lowest in years. Jobs are plentiful, and Americans are quitting like it’s 2006. This is good news for employees—less so for major retailers. In theory, bountiful jobs means pressure on employers to boost wages so they can find and keep talent. But in reality, American wages have barely…