Over the past decade or so, low-wage occupations like fast-food workers and bartenders have modestly closed the gap with higher-earning roles, such as lawyers and architects, a new analysis shows.
, dancers and software developers reaped the biggest average pay increases, in percentage terms, from 2010 through May 2021, according to an analysis of Labor Department data by Clarify Capital, a small business lender.Overall, the average yearly salary in the U.S.
increased 31.2% over the decade, the study shows, but after adjusting for inflation, average pay fell by 4.5%. Only about one-fifth of occupations have kept pace with“The job market hasn’t kept up with inflation,” says Nishank Khanna, chief marketing officer of Clarify Capital.
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