A recent macroblog post used Atlanta Fed Wage Growth Tracker data to observe that the hourly wage of the lowest-paid workers has rebounded in recent years after declining for a decade. The chart below depicts this finding, showing the median hourly wage of the lowest-paid 25 percent of workers in the Tracker sample relative to the median for all workers. Moreover, the post showed that this recovery was not just a story about states and localities increasing their minimum wages. It also appears that there has been a significant tightening in the labor market for unskilled or low-skilled jobs. Taken at face value, this ... (full story)