Summary List Placement
With vaccinations ramping up across the country and the economy reopening, people’s wages are going up. America hasn’t seen this kind of wage growth in 20 years.
Bureau of Labor Statistics data on the ECI, which measures the change in total employment compensation each quarter, shows that the first three months of 2021 were the best quarter for wage growth since at least 2001. According to the BLS data, wages and salaries increased by 3% for private industry workers for the 12-month period ending in 2021, and 2.7% for civilian workers.