According to a recent Goldman Sachs report, wages have accelerated in recent months, with a cycle-high pace of 3.4%. The Indeed Hiring Lab has also stated that “In January 2019, wages grew by 3.2% year-over-year, up from the general 2.6-2.8% range wage growth had been hovering from mid-2016 to mid-2018.”
Both reports point to lower wage brackets as the beneficiaries of this increase, a trend that is expected to continue into the future.
Read more about these reports, as well as an analysis of their findings on the American Enterprise Institute’s website here.
