Trump’s Top Economist Predicts Pay Gains ‘Well North’ of 3.1 Percent

President Donald Trump’s top economist anticipates wage gains will keep growing, bolstered by investment and a strong U.S. economy.

“We would expect, given all the capital spending that we’ve had, to see continued wage growth,” Kevin Hassett, chairman of the White House Council of Economics Advisers, told reporters on Friday. A government report earlier showed U.S. average hourly earnings grew 3.1 percent in the 12 months through October, the fastest pace since 2009. “I wouldn’t be surprised if it goes well north of that over the next six months to a year.”