Various years.

A significant portion of it went to higher corporate profits and increased income accruing to capital and business owners (Bivens et al. Economic Policy Institute (EPI). One-third (34.1%) of U.S. workers have a high school diploma or did not complete high school. Mr Hughes added: "Employment continues to increase, with three-quarters of this year's growth being due to more women working. I am particularly grateful for Melat Kassa’s programming expertise, Jori Kandra’s command of WordPress, and Krista Faries’s commitment to clarity.Elise Gould joined the Economic Policy Institute in 2003. For a full-time, full-year worker, this would translate into about $40,000 per year.This report begins with a look back at 40 years of wage data, highlighting the continued divergence of productivity and pay and the unequal and uneven wage growth for most workers. In a Tight Labor Market, Firms are Retaining Skilled Workers which is Reflected in the Strong Wage Growth for Job Holders"The tight labor market is pushing companies to pay more," said Ahu Yildirmaz, co-head of the ADP Research Institute. However, fluctuations across the business cycle can result in real wage growth diverging from productivity growth. 2016. 2020a. The growth, accelerating from 3.8 percent to 4.0 percent annual as of June 2019, was driven by strong wage gains for workers in the manufacturing (4.4 percent wage growth, $29.83 hourly wage) and construction (4.4 percent wage growth, $28.65 hourly wage) industries.
(Again, we do not recommend drawing conclusions about economic trends based on a single year of data; long-term trends give a more reliable picture of what’s going on in the economy.) The loss for low-wage workers is somewhat surprising given that the labor market continues to tighten, and tighter labor markets have historically provided disproportionate benefit to wage growth at the bottom. Real Wage Trends, 1979 to 2018 Congressional Research Service different skill sets (e.g., as driven by technological change and new international trade patterns) are likely to affect wage growth. Claxton, Gary, Larry Levitt, Matthew Rae, and Bradley Sawyer. In 2000, the Hispanic–white wage gap was larger than the black–white wage gap. The data below can be saved or copied directly into Excel.Copy the code below to embed this chart on your website.It is not surprising that these differences are smaller than what has been seen in earlier years because as the economy gets closer to full employment,The data below can be saved or copied directly into Excel.Copy the code below to embed this chart on your website.Copy the code below to embed this chart on your website.The bottom section of Table 3 displays wage gaps by race/ethnicity. The (raw) gap between median college wages and median high school wages is no wider in 2019 than in 2000. Between 2018 and 2019, Hispanic workers with the highest levels of educational attainment experienced the strongest wage growth. Also, these workers represent a small and shrinking share of the overall workforce, only 8.0% of workers in 2019 (EPI 2020c). Table 2 shows that our imputed 95th-percentile men’s wage grew 2.1% between 2018 and 2019, on par with its growth since 2007.The data below can be saved or copied directly into Excel.Copy the code below to embed this chart on your website.The data below can be saved or copied directly into Excel.Copy the code below to embed this chart on your website.Women also experienced a growth in wage inequality from 2000 to 2019, with the 95th percentile continuing to pull away from the middle and bottom of the wage distribution.

2018.

While the regression-adjusted Hispanic–white wage gap narrowed a bit, from 12.3% in 2000 to 10.8% in 2019, the regression-adjusted black–white gap was much larger in 2019 (14.9%) than it was in 2000 (10.2%). In only 10 of the last 40 years did most workers see any consistent positive wage growth: in the tight labor market of the late 1990s and in the last five years (2014–2019), when the unemployment rate hit its lowest point in 50 years. In fact, the gap actually narrowed over this period. However, detractors argue that the CPI “overstates price increases and understates real wage growth” relative to the PCE price index (CEA 2018, 9).We explore this question by comparing wage growth using the two deflators. As labor’s share falls, this means that a growing share of productivity gains are going to owners of capital. Such policies include tolerating (or even encouraging) excessive unemployment; failing to routinely raise the federal minimum wage to protect workers’ purchasing power; writing the rules of globalization to let employers use them as a tool for wage suppression; the enforced withering of labor standards like the overtime threshold governing how many workers are entitled to higher pay for longer hours; and sharp cuts in marginal tax rates, deregulation, and loose corporate governance oversight, which led to explosions in executive and financial-sector pay (Bivens and Zipperer 2018; Bivens 2013; Cooper, Gould, and Zipperer 2019; McNicholas, Sanders, and Shierholz 2017; Mishel and Wolfe 2019).Declining union membership has also played a major role in slow and unequal wage growth.

Given that those with less than a high school diploma are often the lowest-wage workers in general, it is likely that some of their recent gains can be attributed to state-level increases in the minimum wage.

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