The rich are getting richer, and have been for some time.
Across the nation, wages have continued to rise this year despite the Federal Reserve’s efforts to temper inflation. In June, average weekly earnings grew at a higher rate than the Consumer Price Index, the nation’s primary inflation indicator.
While pay is increasing across income levels, the historical growth for high-income jobs has been most profound. High-income jobs have grown 69% over the past 50 years—more than both middle- and lower-income jobs, a Pew Trusts analysis shows.
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