U.S. wages are finally starting to rise

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.

Michael Lowrey

Michael Lowrey is a contributor to Carolina Journal and a policy analyst for the John Locke Foundation. Lowrey has written numerous articles for the foundation on topics su...

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