The only period of high pressure in the labor market since 1979 led to rapid wage gains: Average annual wage growth from 1996–2001 vs. all other years between 1979 and 2017
|Wage percentile||All other post-1979 years||1996–2001|
View the underlying data on epi.org.
Note: Wage growth is inflation-adjusted.
Source: Authors’ calculations from data obtained from the State of Working America Data Library from the Economic Policy Institute (EPI 2018)