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- Income inequality has narrowed in the US, with low-wage workers receiving raises during the pandemic.
- This trend has been tapering off, though labor market competition has benefited wage growth.
- Two economists told Insider investing in employment opportunities for non-college workers could help bridge the gap.
Inequality has been the story of the US economy for over a decade.
While the narrative that we're living in a time of heightened inequality persists, the last few years opened up a small window in which that story had a chance to reverse. This was thanks to pre-pandemic minimum wage legislation, coupled with higher raises for lower wage workers in the tumultuous years that followed.