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Low-wage workers are getting 'eye-popping' pay raises, Goldman Sachs says

October 4, 2021 Robert Harrington

Low-wage workers are making "eye-popping" gains in their paychecks, according to Goldman Sachs.

The bank told clients in a note Thursday that low-wage-worker pay rose 5.3% year-over-year in the second quarter. For the third quarter, the data isn't complete yet, but preliminary readings are on pace for a three-decade high of 6%. READ MORE

Tags Pay, Pay Increase, Wage
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rharrington@bullseye.consulting

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