For a broader picture of wage gains over the last two decades, see below: https://www.atlantafed.org/chcs/wage-growth-tracker?panel=1 https://www.atlantafed.or

For a broader picture of wage gains over the last two decades, see below: https://www.atlantafed.org/chcs/wage-growth-tracker?panel=1 https://www.atlantafed.org/chcs/wage-growth-tracker?panel=1 (Select "Wage Level" to split out the data by quartile over time.) The first (lowest) quartile went from lower than average wage growth to higher than average wage growth sometime around 2016, and that trend continued with the pandemic. As of November, 2022, the lower quartiles are experiencing YoY nominal wage growth at rates >2% higher than the forth (highest) quartile. I'm assuming this "1%-er" statistic emerges from the disproportionate level of variable/incentive compensation seen among high earners, combined with 2020-21 being a banner year for stock gains and corporate profits. It'll be interesting to see if EPI repeats this analysis on the 2021-2022 figures, or if they find something new to complain about.