Wage compression over the pandemic business cycle: Change in real annual earnings by earnings group, 2019–2023
| Change in real annual earnings | |
|---|---|
| Bottom 90% | 5.0% |
| 90th–95th percentile | 3.0% |
| 95th–99th percentile | 3.7% |
| 99.0th–99.9th percentile | 2.2% |
| Top 0.1% | -2.2% |
Source: EPI analysis of Social Security Administration wage statistics.