Tue. Sep 29th, 2020

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The Higher Wages of Growth

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In case you missed it, and most of the media did, the Census Bureau reported Tuesday that the median household income in 2019 grew a whopping 6.8%—the largest annual increase on record. While this year’s government-ordered lockdowns will erase these gains in the short term at least, it’s still worth highlighting how lower-income workers and minorities benefited from faster growth and a tighter labor market before the pandemic.

Real median U.S. household income last year rose by $4,379 to $68,709. In dollar amounts, this is…




2020-09-16 19:22:00


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