Jobs lost during the pandemic are so skewed to lower-income Americans that the average wage didn’t suffer in this tough economy like you might think. In fact, it’s misleadingly high, now topping $30 an hour.
“It’s not that everyone got a raise,” said Adam Looney, an economist and the executive director of the Marriner S. Eccles Institute for Economics and Quantitative Analysis, an academic research arm at the University of Utah. “It’s that all the low-wage workers got fired.”
