Joint Economic Committee Fact Sheet: '8 Facts About Wage Gains'
April 27, 2022
April 27, 2022
WASHINGTON, April 27 -- Rep. Don Beyer, D-Virginia, chairman of the Joint Economic Committee, issued the following fact sheet:
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Wage growth has occurred for workers who need it most
* In 2021, wages grew by 4.5%, the fastest rate in almost four decades.
* Low-wage workers are seeing the strongest wage growth. Over the last 12 months, the lowest-income workers saw their median wages increase an average of 6.1%.
* Strong demand . . .
* * *
Wage growth has occurred for workers who need it most
* In 2021, wages grew by 4.5%, the fastest rate in almost four decades.
* Low-wage workers are seeing the strongest wage growth. Over the last 12 months, the lowest-income workers saw their median wages increase an average of 6.1%.
* Strong demand . . .