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State of Working America Wages 2019: A story of slow, uneven, and unequal wage growth over the last 40 years
epi.org/publication/sw…
Thread of key takeaways from the report.
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Slow wage growth persists: Consistent positive wage growth has occurred in only 10 of the last 40 years.
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Inequality continues: The highest earners (95th percentile) continue to pull away from middle- and low-wage workers.
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Policy matters: Wage growth at the bottom was strongest in states with minimum wage increases between 2018 and 2019.
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Black–white wage gaps persist: In 2019, black wages exceeded their 2000 and 2007 levels across the wage distribution for the first time in this recovery. Even so, black–white wage gaps are significantly wider now than in 2000.
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Gender gaps defy educational attainment: Women with an advanced degree are paid, on average, less than men with a college degree.
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College graduates are losing ground: Wages for the bottom 50% of college graduates are lower today than they were in 2000.
7/n
The potential for wage growth has been squandered on the very few at the top, leaving the vast majority of U.S. workers without economic power and the means to achieve a decent standard of living. We need to use all the tools in our toolbox to reverse these policy trends.
8/8
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