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

Source: CNN Business

Moira Ritter, CNN Business//October 1, 2021//

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

Source: CNN Business

Moira Ritter, CNN Business//October 1, 2021//

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New York (CNN Business) – 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%.