On a rolling twelve-month basis, this stretch marks by far the best relative performance among non-college educated workers going back to 1997.
In a note to clients, Goldman Sachs Group Inc. economist David Mericle suggested that the good times for lower-income Americans have only just dawned. "Both the official data and our tool for tracking income growth across the earnings distribution indicate that wage growth has been stronger for low-income workers recently," he wrote. "As staggered minimum wage hikes affect a growing number of workers, low-income workers are likely to continue to see somewhat firmer wage growth in coming years."