Asia's wage hikes to accelerate in 2023

Surveys show pay raises likely to beat price rises as employers eye retention

20221221 mumbai skyline

The skyline of Mumbai's financial district. India is expected to see some of the region's biggest pay raises next year. © Reuters

DYLAN LOH, Nikkei staff writer

SINGAPORE -- Workers in Asia are set to see bigger salary bumps in 2023 as persistent inflation and a labor crunch put upward pressure on pay, recent studies show.

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