- Wisconsin chief executive officers reported they are
pessimistic about their companies’ prospects in the
second half of 2013 due to uncertainty created by the
Affordable Care Act, according to a new survey by
Wisconsin Manufacturers and Commerce.
CEOs said that the Affordable Care Act, out-of-control
federal spending and debt, and uncertainty in Washington
were holding back the economy.
survey asked respondents questions such as “What do you
believe is holding back the economy and job growth?”
“Uncertainty/unknowns” were mentioned more than 50 times
while “health care costs/reform” were mentioned at least
Employers also predicted some wage increases in the
coming year with 26 percent reporting wage hikes of 3
percent to 3.5 percent. Thirty-five percent of
respondents said they plan to increase wages between 2
percent and 3 percent, and 35 percent plan wage
increases of 2 percent of less.
the largest business-lobbying group in Wisconsin. The
economic-outlook survey was conducted in May and is
based on the responses of 364 CEOs whose companies are