According to the U.S. Census Bureau, median wages for men increased 3.7%, but pay for women didn’t budge in 2024.
Workers earning the least saw their wages grow more than 15%, even when adjusted for inflation, according to a report from the Economic Policy Institute.
Economic growth came in pretty strong for the fourth quarter. GDP rose at an annual rate of 2.3%. And consumer spending rose 4.2%.
Employees are sharing some of the wealth generated by productivity gains, aided in many cases by automation.
As the second Trump administration begins, people have kept up their spending — but not all for the same reasons.
Some Americans work a second job to make ends meet. Others do it to build up cash or gain experience in a different field.
Unit labor costs are a way to measure productivity relative to workers’ compensation.
Wage growth for the last several months continued to exceed inflation, though there are some signs of cooling.
A new government-directed study casts doubt on the long-held idea that trucking is facing a labor shortage.
Price growth has moderated. Wage growth hasn’t, for the most part.
