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Maybe Worker Inequality Isn’t Inevitable After All
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August 10, 2018 | ECONOMY | …[I]n terms of the composition of wage growth, the late 1990s was a time of widening income inequality, with high earners pulling away from low earners. Today, by comparison, the lowest-paid earners have the fastest wage growth. As the labor market continues to tighten, and as minimum wage levels go up around the country, the lowest-paid and presumably least-educated workers should continue to see strong wage growth. This isn't to say that income inequality isn't a problem or that we shouldn't be doing more to help workers, but it shows that for two groups of workers thought to be left behind -- goods-producing and the least educated -- things are actually moving in the right direction. They're currently benefiting from the economic environment more than workers at the high end of the income scale… Bloomberg
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