Rapid wage growth at the bottom has offset rising US inequality

Clem Aeppli and Nathan Wilmers
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Clem Aeppli: a Department of Sociology, Harvard University, Cambridge, MA 02138;
Nathan Wilmers: b Sloan School of Management, Massachusetts Institute of Technology, Cambridge, MA 02142

Proceedings of the National Academy of Sciences, 2022, vol. 119, issue 42, e2204305119

Abstract: US earnings inequality rose steadily for over three decades, reshaping the labor market and driving much policy attention. However, overall US earnings inequality has plateaued in the last decade. This is due to particularly fast earnings growth among low-wage workers rather than median-wage workers catching up with those at the top. Key drivers of secular rising inequality have continued. However, these have been offset by rapid, although unsecured, earnings growth at the bottom of the labor market.

Date: 2022
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