AxiosCenter·
The K-shaped economic divide might be narrowing
For years, the economy has looked K-shaped . There's new evidence that some of that divide is beginning to narrow. The wage-growth gap between lower- and middle-income workers has disappeared — with pay gains among lower-income workers nearly matching those of their higher-income counterparts. Spending growth among lower- and higher-income households is the most similar in years. Why it matters: A resilient labor market is chipping away at one dimension of the K-shaped economy, even as the weal…
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