NU Online News Service, June 8, 11:35 a.m. – The Conference Board, New York, an industry group, predicts inflation will eat up U.S. workers' salary increases this year and in 2002.
A Conference Board survey of 500 companies in six industries suggests that salaries will increase only 4% this year and next year. Theboard's own forecasters expect inflation to reach 3.7% this year and 3.8% next year.
The results suggest that inflation-adjusted increases in compensation will be close to 0%, the board says.
