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Credit Bidenomics for Rising US Wages

After five decades of widening inequality and stagnant pay, low- and middle-income workers in the United States experienced a significant increase in real wages over the past four years. This is a direct result of macroeconomic policies designed to create an exceptionally tight labor market.

AMHERST – Amid global inflationary pressures and geopolitical turmoil, the American job market is experiencing a major transformation: real wages, especially for low- and middle-income earners, are growing robustly. This trend marks a radical departure from decades of widening inequality and stagnant wages, defying the prevailing narrative of economic pessimism. Instead, it reflects a dynamic job market, powered by effective policies aimed at healing the wounds of the COVID-19 pandemic and subsequent economic shocks.