US wage growth gap widens historically

The wage growth gap between high-income and low-income households in the United States has widened to a historically large disparity. After-tax wages for higher-income households rose by 5.6% year-over-year in March on a three-month moving average basis, the highest rate in at least three years. At the same time, wages for lower-income earners grew by just 1.0% year-over-year, near the lowest recorded level. This divergence highlights a significant economic inequality trend under the current administration.