The country's lowest-paid workers are enjoying bigger income gains than managers and other top-earning professionals, according to new economic data from the Federal Reserve Bank of Atlanta.
In November, median wage growth for the bottom 25% of workers reached 4.5% for the 12-month period, outpacing a 2.9% gain in median earnings for the top 25% of income earners. Rather than a short-term blip, it's a trend that has accelerated since 2014, when the lowest-earning workers began to outperform top wage earners.
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When you are in business for yourself – especially a SMALL business – when it’s pay-day your employees come first, creditors come second, YOU come third.
In their early days in business, my Dad and his partner split any money that was left AFTER the employees and the bills were paid, in those days what they brought home was often less than what each employee was paid.
It wasn’t that way in later years, but because of this policy all their employees were LONG-TIME employees.