Everything small businesses are saying points to higher wages

Before you go, we thought you'd like these...
Before you go close icon
Higher Minimum-Wage Proposals Gain Ground on Both Coasts


Screen Shot 2015 08 11 at 7.32.43 AMNFIB

New survey data from the National Federation of Independent Business points to rising wages for American workers.

The July NFIB report showed revealed that 23% of firms reported increases to compensation in the past three months, up from June's 21%. This number has also been trending upward since the financial crisis.

Furthermore, a seasonally adjusted net 15% plan to raise compensation in the upcoming months, compared with June's reading of 11%.

And while sales are still one of the bigger concerns for small business, it has seen a major drop as the "single most important problem" as the economy has improved. The change toward labor quality becoming the most important problem for more employers suggests that economic concerns are shifting from weak demand to tight supply.

In fact, there was an increase in respondents who reported "few or no qualified applicants" for the positions they were trying to fill (48% in July, up from June's 44%), suggesting that good labor in America is still in short supply. This number has been trending higher since 2009.

All of this points to higher wages for America's workers.

Screen Shot 2015 08 11 at 7.19.22 AMNFIB

See Also:

SEE ALSO: Here's what the 'spectrum of pain' looks like for the 12 members of OPEC

More from AOL.com:
High-paying jobs that don't require a college degree
'World's toughest job' has heartwarming twist
What you wish you could say out loud during a job interview
Read Full Story

Markets

S&P 500 2,259.53 13.34 0.59%
DJIA 19,756.85 142.04 0.72%
NASDAQ 5,444.50 27.14 0.50%
DAX 11,203.63 24.21 0.22%
HANG SENG 22,760.98 -100.86 -0.44%
NIKKEI 225 18,996.37 230.90 1.23%
USD (per EUR) 1.06 0.00 0.05%
USD (per CHF) 1.02 0.00 0.02%
JPY (per USD) 115.39 0.02 0.01%
GBP (per USD) 1.26 0.00 -0.01%

From Our Partners