Most data indicate relatively little acceleration in wage growth overall, but as I have noted the Current Population Survey shows more rapid wage growth at middle and especially the bottom end of the wage distribution over the last three years. The "Workforce Vitality Index" produced by ADP, shows a similar picture.
It's most recent survey shows hourly wage growth of more than 6.0 percent for workers earning less than $20,000 a year and 5.6 percent for workers earning $20,000 to $50,000 a yea...
Published on March 12, 2018 07:33