Low wage workers experienced wage growth faster than inflation in 2021: Real annual composition-adjusted wage growth by percentile, 2020–2021
Percentile | Year |
---|---|
5th | 1.1% |
10th | 1.1% |
15th | 1.0% |
20th | 0.6% |
25th | 0.3% |
30th | -0.1% |
35th | -0.5% |
40th | -0.9% |
45th | -1.2% |
50th | -1.5% |
55th | -1.7% |
60th | -1.8% |
65th | -1.9% |
70th | -2.0% |
75th | -2.2% |
80th | -2.3% |
85th | -2.4% |
90th | -2.7% |
Notes: Data refers to changes between January–December 2020 and January–December 2021. Wages are adjusted for inflation to February 2022 dollars using the CPI-U-RS. Wage changes are available only up to the 90th percentile because of topcoding issues (see Gould, deCourcy, and Mokhiber 2022).
Source: Authors’ analysis of Current Population Survey Outgoing Rotation Group microdata, EPI Current Population Survey Extracts, Version 1.0.27 (2022), https://microdata.epi.org.
This chart appears in:
Previous chart: « Hourly wages rose sharply in 2020 then fell in 2021: Real hourly wage growth, median and average, 2018–2022
Next chart: Unemployment rate fell sharply between 2020 and 2021: Unemployment rate, 2018–2022 »