Wages Are Up for Low-Income Workers, No Thanks to Donald Trump
“In the past two years, earnings of the first and third quartiles have continued to grow at the same rate. However, folks at the very bottom of the income ladder have seen their earnings grow faster. What does this mean? Average earnings for the bottom decile come to about $11 per hour, which is very much in minimum wage territory. A couple of years ago CEPR took a look at how the minimum wage affected earnings, and what they found is that raising the minimum wage had very little effect on workers who earned median wages or above. However, it did have an effect on the very lowest-paid workers, like those in the leisure and hospitality industry:”