Wages for lowest earning workers increased drastically over the last three years

Low-wage workers in the United States experienced a drastic pay increase over the course of the last three years.

The 10th percentile real hourly wage, which denotes the lowest-earning workers, increased by 9 % between 2019 and 2022. According to Economic Policy Institute study released on Thursday, this increase may be attributed to policies implemented in response to the COVID-19 crisis as well as the tightening labor market due to low unemployment, giving workers more leverage over their employers.

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According to Axios, Elise Gould, who co-wrote the analysis, said that” for so many individuals, they didn’t really realize that there might be better opportunities through there.”

With only 2 %, middle-wage workers, who fall between the 40th and 60th rankings of the income distribution, did not experience nearly as much of a rise as their lower counterparts. The team did, though, grow as a result of many plan investments, including enhanced unemployment insurance, payments for economic impact, and child care tax credits.

The lowest-paid workers in the nation are still only receiving a really large salary, despite significant wage increases. According to EPI’s calculations, the 10th pay hourly pay was just$ 12.57 last year, which is not nearly enough for someone to maintain a respectable standard of living anywhere in the United States.

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According to Social Security Administration data also examined by EPI, wages for the top 1 % and 0.1 % increased from 2019 to 2021 to 16.1 %, 29.2 %, in addition to the lower earners.

According to a recent report from WFH Research, people who work electronically or in person make more money than those who only work part-time. At least$ 80,000 per year is the average annual salary for workers who alternate between work and home, and this number rises with the number of days they work from home.