There’s terrific news in the federal government’s latest, and most detailed, annual report on pay: American wages reached record levels last year after stagnating or falling from 2001 through 2012. Wages began rising in 2013, but initially at anemic rates.
Even better, my analysis of this data shows that the rate of wage growth per worker is accelerating and that the number of people with any paid work has been growing for a record 79 consecutive months, both signs that the economy is improving for more than just the tenth of workers paid $90,000 or more.
