Low-wage workers are getting ‘eye-popping’ pay raises, Goldman Sachs says
Source: CNN Business
By: Moira Ritter, CNN Business October 1, 20214:36 pm
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 fora three-decade high of 6%.
Necessary cookies are absolutely essential for the website to function properly. This category only includes cookies that ensures basic functionalities and security features of the website. These cookies do not store any personal information.
Any cookies that may not be particularly necessary for the website to function and is used specifically to collect user personal data via analytics, ads, other embedded contents are termed as non-necessary cookies. It is mandatory to procure user consent prior to running these cookies on your website.