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There's lots of sources around it: From March 2019: "The recent jump in paychecks has come with an unusual characteristic, as workers at the lower end of the p
by caseysoftware 7y ago
There's lots of sources around it:
From March 2019:
"The recent jump in paychecks has come with an unusual characteristic, as workers at the lower end of the pay scale are getting the greater benefit."
Ref: https://www.cnbc.com/2019/03/13/workers-at-lower-end-of-pay-scale-getting-most-benefit-from-rising-wages.html https://www.cnbc.com/2019/03/13/workers-at-lower-end-of-pay-...
From October 2019:
"According to analysis by Nick Bunker, an economist with the jobs site Indeed, wage growth is currently strongest for workers in low-wage industries, such as clothing stores, supermarkets, amusement parks, and casinos. And earnings are growing most slowly in higher-wage industries, such as medical labs, law firms, and broadcasting and telecom companies."
Ref: https://www.theatlantic.com/ideas/archive/2019/10/labor-departments-new-report-isnt-so-gloomy/599491/ https://www.theatlantic.com/ideas/archive/2019/10/labor-depa...
And Goldman Sachs says the same as of November, check out page 7 specifically:
https://www.goldmansachs.com/insights/pages/outlook-2020-f/US/report.pdf https://www.goldmansachs.com/insights/pages/outlook-2020-f/U...