Posted September 21, 2018 05:15:38For the first time in over two decades, more than a third of workers are expected to earn at least $100,000 a year in 2018, according to the latest data from the U.S. Bureau of Labor Statistics.
That’s up from a quarter in 2017, but it’s still well below the levels that led to widespread wage increases and benefits in the 1990s and 2000s.
In recent years, though, wage growth has slowed.
Wage growth has averaged just 1.4% in 2018 and has been at the lower end of the spectrum for years.
The Bureau of Labour Statistics released a new report this week that finds that in 2018 the median wage rose just 0.2%, which is less than the 1.9% increase for all workers.
The gap between the highest and lowest-paid workers is widening.
The median wage for those who earned the lowest in 2018 was $27,000.
For those making the top 10% of wage earners, that figure jumped to $51,000, or a $4,400 increase.
The report says the gap has widened in other ways, too.
The share of workers who are employed part time or making less than $20,000 has doubled since 2017 to 32%.
The median hourly wage in 2017 was $19.78.
In 2018 it rose to $24.19, or an 11% increase.
The gap is even wider when it comes to the share of non-supervisory workers making less.
In 2017, 29% of workers making $11,000 or less were non-Supervisory.
In this year’s report, 27% of those workers were non Supervisory.
The BLS says that for all employees, the average hourly wage rose 2.5% over the past two years, but for workers making the lowest wage the average wage fell 4.3%.
That’s largely due to a decline in workers who make less than half of $19,000 and workers making between $21,000 to $40,000 who saw their wages fall 1.6%.
Some employers are responding to that trend.
According to the BLS, there are more than 4 million people in the United States working in low-wage jobs, and fewer than 1 million of them are union members.
Some of those people are unionized.
The BLS estimates that about a third are workers who were employed at least part time in 2017 and are currently part-time.
For example, a majority of those who were working part time are non-unionized, while the remainder are union.
The average hourly earnings for all people who earn less than that wage have been stagnant for more than two decades.
In 2018, the median annual wage for people making less was $23,400, while for those making at least that wage it was $32,400.
For people making $44,000 in 2018 it was more than $34,800.
For the median weekly wage, which measures average hourly wages for people who are earning less than or equal to the federal poverty level, the hourly wage for the lower income bracket was $7.24 in 2018.
For the upper income bracket, it was about $9.00.
For middle-income earners, it ranged from $10.10 to $10,90.
For those making less, the BJS says that average weekly earnings have declined 2.7% in the past 12 years.
For workers making more, average weekly wages fell 4%.
The BSS report says that the average weekly income of a typical household is about $26,500 in 2018 — that’s $12,600 less than it was 12 years ago.
That’s because more people have gotten married and have families, which has led to lower rates of child care and college attendance.