Why Is U.S. Wage Growth So Low? It's All About the Top 80%
Three Must-See Charts About U.S. Wage Growth
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Comparing wage growth in 2017 to 10 years ago, when pay was rising at the fastest rate of the previous expansion, shows a tale of two labor markets -- or maybe five.
The bottom 20 percent of workers by average industry pay are seeing significantly faster wage growth now than they were then. Yet the shortfall in the upper 80 percent has been large enough to keep overall pay growth almost a full percentage point lower.