Outline

Demographics have Affected Wages

Wage Growth By Income Quartile

8

7

6

5

4

3

2

Percent YOY Increase

1

0

2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

1st

2nd 3rd 4th

Source: Atlanta Fed