US – Lowest-Paid jobs lead wage gains

Average hourly earnings in industries paying less than $12.50 an hour a year ago rose 3.2 percent in the 12 months through April, about 1 percentage point more than wage growth for the job market as a whole, according to Goldman Sachs Group Inc.

This development may be the start of a long-awaited catch-up for lower-wage workers, who suffered disproportionately during the recession and recovery. It is being driven in part by state governments raising their minimum wages, and also through voluntary decisions by companies to raise employees’ pay.

Chosen excerpts by Job Market Monitor. Read the whole story at Lowest-Paid Americans Lead Wage Gains as Job Market Tightens – Bloomberg Business.