GoKawiilWage Growth Stalls as Economists Probe AI's Role in Pay Pressure
Fresh government data show U.S. wage growth trailing inflation, with the Employment Cost Index revealing a 0.4% year-over-year drop in real wages and salaries through June. Meanwhile, labor's share of nonfarm business income hit a record low of 52.8% in the second quarter, prompting economists to ask whether AI is beginning to squeeze pay even before it eliminates jobs outright. Research from Apollo Global Management suggests workers in AI-exposed occupations are already seeing slower real-wage gains.