Low wage workers fare better

Low wage workers fare better

According to the Labor Department, lower wage workers saw typical weekly earnings in the fourth quarter of 2020 rise 22.3 percent higher than in the fourth quarter of 2019. That outpaces the 15.7 percent gain in prices over the same period. Meanwhile, earnings for high-wage workers grew only 13.3 percent. Median weekly earnings for workers with just a high school diploma rose 17.1 percent over the same period, while for workers with a bachelor's degree, they grew 11.9 percent.