The U.S. economy continues its long, slow recovery. It seems that we’re finally to the phase where wages are starting to go up. Per fivethirtyeight.com:
It may be too late to affect Tuesday’s election, but the economy is finally delivering real wage growth to American workers.
The average U.S. employee earned $25.92 an hour in October, the Bureau of Labor Statistics reported Friday. That’s up 2.8 percent from a year earlier, the fastest growth since 2009. Non-managers — what the BLS calls “production and non-supervisory employees” — saw their earnings rise a more modest 2.4 percent, but they too are seeing gains that are running well ahead of inflation.