Hourly earnings at the bottom do not rise quickly after inflation accelerates
| Percentile | Correlation coefficient |
|---|---|
| 10th | 0.63 |
| 20th | 0.84 |
| 50th | 1 |
| 90th | 1.06 |
Source: Author’s analysis of data from the National Income and Product Accounts (NIPA) data from the Bureau of Economic Analysis (Author’s analysis of data from the BEA NIPAs, Table 2.4.4) and the Economic Policy Institute (EPI) State of Working America Data Library. PCE stands for personal consumption expenditures.