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Inflation and Unemployment: A manufacturing company in Michigan are pushing for pay increases of 3% per year for the next 3 years and a contract

Inflation and Unemployment:

A manufacturing company in Michigan are pushing for pay increases of 3% per year for the next 3 years and a contract has been drafted. Based on current inflation and unemployment data, what would the conclusion be and what would the strong recommendation be for this scenario for approving the pay increase or not?

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