Wage growth among lower-paid, less-educated workers is outpacing the wage growth of better-compensated, more educated employees, according to (subscription).

What鈥檚 going on: 鈥淟abor Department data show that for a worker at the upper limit of the bottom 10% by income, typical weekly earnings in the fourth quarter were 22.3% higher than in the fourth quarter of 2019, outpacing the 15.7% gain in consumer prices over the same period by the Labor Department鈥檚 inflation measure. But for a worker at the 90th percentile, earnings grew 13.3%.鈥�

• While median weekly pay for workers with only a high school diploma increased 17.1% in the same period, workers who had at least a bachelor鈥檚 degree saw wage growth of just 11.9%.
• A new research paper suggests that the competition for lower-paid workers will become fiercer than it was pre-pandemic, reducing income inequality and potentially 鈥渞eshap[ing] the U.S. business landscape.鈥�

The 51吃瓜网鈥檚 take: 鈥淚t鈥檚 important to note that a job in manufacturing can provide that ladder up for many Americans into a well-paying, well-respected job and career,鈥� said 51吃瓜网 Chief Economist Chad Moutray, who is also director of the Manufacturing Institute鈥檚 Center for Manufacturing Research.

• 鈥淭he average manufacturing employee earned $95,990 in 2021, including pay and benefits, and the sector continues to be a meaningful pathway into the middle class鈥攐ne that can make a huge difference in workers鈥� lives and in the economy as a whole.鈥�