### Instruction: The text below is from a news article. Extract causal economic narratives from the information provided in this text! A causal economic narrative is a chain of events where one event is said to cause the other event. State all narratives in the following form: 'event A - "causes" - event B'.
### Input: Wage growth hit 3.2 percent a year in December, the fastest pace in nearly a decade and a sign of increasing competition for workers. In your response, capitalize a few words to stress main points. Please limit the number of words with all capital letters to less than 19.
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