The median wages for private-sector workers in the US rose by an average of $2.10 per hour in the past year, according to a new report from Barchart Group, a firm that tracks wages in the private sector.
While wage growth for workers in blue-collar jobs has slowed over the past five years, the median wage has risen $1.65 per hour since the start of the recession.
The median wage in all occupations rose an average $2 per hour over the same period, according the report.
“This is a pretty big increase,” said Ben Neubauer, Barcharts chief economist.
“The wages are not keeping pace with inflation.”
The median hourly wage rose by $1 an hour in all jobs, from $22.55 to $23.75, while the hourly wage for salaried workers rose by just $0.15 per hour, from a low of $20.65 to $21.20.
The average hourly wage of salarying workers was $23 per hour at the start and is $27.65 today.
The most-expensive state to work in was New York, which saw a $3.16 per hour increase over the previous year.
Other states where the median hourly pay was $1 or higher were Hawaii ($2.08), Vermont ($2) and Massachusetts ($2).
The report, released Tuesday, comes as President Donald Trump’s administration seeks to ease restrictions on how much companies can charge workers.
While Trump has promised to ease regulations, he has also suggested he wants to let companies avoid paying workers by lowering their pay and shifting more of the burden to workers, who would otherwise have to bear the brunt of the costs.
Barchart expects that average hourly wages for workers will be $23 in 2020, up $1 from last year, but the report suggests that even this will be a relatively small increase from the $27 per hour that it predicted in 2016.
Barcherts median hourly earnings were up $3 from the previous quarter.
Neubauer said that even a $1 increase from 2016 would be a significant change for workers, which has become a frequent complaint of workers in recent years.
“It’s not only the low wages, it’s the low productivity growth,” Neubau said.
“That’s a concern.”
According to Barchardts latest report, average hourly earnings rose by 3.3% for full-time workers in 2017.
The median hourly wages were up by $0, or 2.1%, for salarians and $2, or 6.5%, for workers making less than $30,000 per year.
About 4.2 million jobs are at risk of being lost as a result of the federal and state economic downturn, Barr said.
That number includes roughly 4.4 million jobs in sectors that are affected by the recession, such as transportation and warehousing, as well as 7.7 million jobs that are likely to be affected by job losses.